ELTEC Elektronik becomes part of the Beijer Electronics Group

Beijer’s business entity Westermo acquires 100 % of ELTEC

Mainz (Germany) – March 19, 2021 – The Swedish BEIJER GROUP’s business entity Westermo, a high-tech company specialized in data communications products for mission-critical systems, has acquired 100 % of ELTEC Elektronik AG. Westermo’s headquarter is located in Stora Sundby, Sweden. With about 350 employees and sales and support offices around Europe, the USA, Singapore, China and Australia Westermo has specialized in robust and reliable networking solutions for, among others, the transportation market. BEIJER GROUP is a growing powerhouse of innovators within mission-critical industrial digital technology and IIoT. Since its start-up in 1981, BEIJER GROUP has evolved into a multinational group of complementary business entities with sales over 1.5 billion SEK in 2020. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list. “I am pleased that we today announce this acquisition to the business entity Westermo. BEIJER GROUP provides advanced technology for the rapidly growing digitalization market in an increasingly connected world and this acquisition of ELTEC reinforces our position further“ says Per Samuelsson, President and CEO of BEIJER GROUP. “With the acquisition of ELTEC we widen our offering within smart connections onboard trains and subways and going forward also trams and busses. ELTEC has a strong position among many of the larger European train operators. The need for modern infrastructure in public transports in general will continue to increase and Westermo will for sure play an important role in the digitalization of the European as well as the global train fleet” says Jenny Sjödahl, CEO of Westermo. “We are very happy to join Westermo and BEIJER GROUP. Westermo’s worldwide sales organization will ensure a further global market access and our complementary technologies and competences will create an even stronger offering to the transportation market” says Peter Albert, Managing Director of ELTEC Elektronik AG. More information: https://www.beijergroup.com/ https://www.westermo.co.uk/

ELTEC Elektronik AG ELTEC Elektronik AG, headquartered in Mainz, offers digital network and communication solutions for mobile applications in harsh environmental conditions – Made in Germany. As a technology driver, ELTEC develops application-oriented system solutions based on innovative hardware and software for powerful solutions for smart mobility and connectivity. The application focus is on rail and road traffic. The product portfolio includes wireless access points, routers and gateways, data loggers, Ethernet switches and I/O modules. ELTEC is ISO 9001 and E1 certified and develops and manufactures according to CE quality standards. In addition, ELTEC guarantees the EN 50155 conformity of its products and supports common industry standards in its customers' certification process.