Kommersant: Sberbank may sell SberDevices division
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Sberbank changed the name of the company that develops “smart” speakers, set-top boxes and other gadgets with the Salyut voice assistant, excluding the word “Sber” from it. This decision may be related to the bank’s plans to sell a non-core division, writes “Kommersant” with reference to sources in the market.
One of the interlocutors claims that Russian IT and telecom companies are showing interest in Sber’s subsidiary. According to another source, the bank is going to focus on the development of its core business and “formally withdraw from all non-core”, so it is gradually curtailing the development of consumer devices.
According to data in the SPARK-Interfax database, in mid-July, the name of SberDevices LLC changed to SalyutDevices LLC. Nevertheless, the press service of Sberbank denied information about the sale of the company. They emphasize that it is only about renaming the legal entity in connection with the expansion of the strategy of the product portfolio of the Salyut voice assistant through B2B solutions.
The newspaper’s sources say that the sanctions have seriously limited the work of SberDevices. In particular, the company can no longer purchase “foreign IT solutions in the required volume.” One of the interlocutors claims that employees have already begun to leave SberDevices. Sberbank objects that SberTech and SberDevices remain “key areas”. The bank continues to invest in “creating cutting-edge products”.
After the start of Russia’s special operation in Ukraine, Sberbank came under US sanctions, which mean blocking all assets and accounts of credit organizations in US dollars. The EU and the UK also imposed sanctions against the bank, after which the credit institution was disconnected from the SWIFT system. Due to restrictions, Sberbank services have been removed from the Google Play and App Store marketplaces.
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