Yandex and Lanit will sell shares in the production of OpenYard servers

Companies «Yandex” And “Lanit“decided to leave the joint venture (JV) for the production of OpenYard servers and sell their shares to private investors. About it reported in the Yandex press service. This confirmed and in Lanit.

The company emphasized that after the transaction is closed, the company will retain production on the territory of the Ryazansky industrial park, rights to technological developments, as well as a team of employees and the OpenYard brand. Other details, including the transaction amount and the names of the buyers, were not disclosed.

After leaving the joint venture, Yandex will develop its technologies and businesses, and Lanit will continue to develop and implement software and develop its own products.

That “Yandex” And “Lanit»decided to sell their shares in OpenYard at the end of June reported Forbes. The publication’s sources said that the reason was “a change in the market situation over the past two years.” It was clarified that strategic investors, computer equipment manufacturers, etc. could become buyers.

OpenYard designs servers, storage systems and smart device components. Construction of a plant near Ryazan, where the company was supposed to produce servers, began in October 2021, but according to Forbes, production never went into production.