On Course for Integration: ELTEC Elektronik Changes Legal Form and Company Name

Mainz (Germany) – 21 June 2023 – ELTEC Elektronik AG is changing its company name and will be known as Westermo Eltec GmbH as of 20 June 2023 in order to make its affiliation with Westermo clear and to strengthen the brand name in the market. The high-tech company Westermo already acquired 100 % of the shares in ELTEC Elektronik AG in April 2021. The integration process is continuing apace. With around 480 employees and sales and support offices throughout Europe, the USA, Singapore, China, and Australia, Westermo, based in Västerås, Sweden, places its focus on robust and reliable network solutions. Eltec, headquartered in Mainz, Germany, in turn offers digital network and communication solutions "Made in Germany" for mobile applications in harsh environments, thus, seamlessly complementing Westermo's product portfolio. In the course of further integration, the Eltec brand logo and website will be adapted. A key objective in the integration process is to bring all parts of the company in the regions Germany, Austria, and Switzerland (Eltec, Westermo Neratec and Westermo in Germany) even closer together and to dovetail them with each other. This should enable better use to be made of synergy effects in all business areas. Marco Gerhard, who took over the overall management as Vice President for Germany, Austria, and Switzerland last year, says about the new company name:  "The renaming was necessary in order to present a uniform brand image to the outside world and to strengthen the sense of belonging together. We will merge Westermo and Eltec even further and optimize the coordination of the product portfolio in the areas of onboard connectivity and rail-related infrastructure in a future-oriented manner. This will enable us to release further potential for future innovations within the group, in order to offer our customers the best possible products and sustainable support as a solution provider."

About Westermo Eltec GmbH Westermo Eltec GmbH, headquartered in Mainz, Germany, offers digital networking and communication solutions for mobile applications in harsh environments. Since April 2021 Eltec has been part of Westermo – a business unit of the Swedish Ependion Group and a high-tech company specialized in data communication products for mission critical systems. As a technology driver, Westermo Eltec develops application-oriented system solutions based on innovative hardware and software for high-performance solutions around smart mobility and connectivity. The application focus is on rail and road transport. The product portfolio includes wireless access points, routers and gateways, modular computing platforms, data loggers and Ethernet switches. Westermo Eltec is certified acc. to ISO 9001 and E1, and develops and manufactures according to CE quality standards. In addition, Eltec guarantees compliance with the (German) railway standard EN 50155 of its products and supports common industry standards in the certification process of its customers. www.eltec.com About Westermo Westermo offers a comprehensive portfolio of industrial network components for data communication solutions in demanding applications. The products can be used in transport, water, and energy supply as well as in the process industry. For more than 45 years, Westermo has been a market leader in technological development. The company is present in more than 40 countries through authorized distributors and its own local offices.