First “daughter” company

The new company initially deals with the trade in electrotechnical articles, however the object of its business is also production of measuring instruments and luminaires, as also provision of services. In 1998 it changed its name and legal form to Sonel SA. The company is still operating and is involved in the production of high quality measuring instruments for power engineering and telecommunications. It is listed on the Warsaw Stock Exchange. In 1999, the growing share of revenues from services is the reason for the separation from TIM SA of another business entity. Elektrotim SA with its registered office in Wrocław takes over production and service activities carried out till then by the Technical Department of TIM SA. Similarly to Sonel SA, Elektrotim SA is continuing and developing its business and is also present on the WSE.