| 2000 |
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Beijer Electronics an
independent corporation Beijer Electronics enters a new and exciting
phase, the key feature being our listing on the Stockholm Stock
Exchange O-list in June, implying Beijer Electronics achieving
the status of an independent quoted corporation. In turn, this generated a
series of new challenges
, with higher standards on our communication and a sharper
focus on the group's business and objectives. |
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| 2001 |
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Subsidiary started in
Germany In October Beijer Electronics starts up
an enterprise in Stuttgart
, Germany. The intention is to
support and develop the group's operator systems sales channel on the
German market through technical support and servicing, and by servicing
selected end-customers. Germany is Europe's single biggest market for
automation products. |
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New main owner As a consequence of Stena Sessan acquiring
25 per cent of its shares in late December, Beijer Electronics gains
a new main owner
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| 2002 |
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Acquisition In June, Beijer
Electronics acquires the agency enterprise Autic System
, with the purpose to improve
its market position within automation and thereby strengthen against the
main competitors Siemens and ABB. |
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New board The recent change in owner structure was
followed by the appointment of a new board
at the Annual General Meeting
in April
. |
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| 2003 |
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In May, Beijer Electronics
signs brand label agreements with two German
corporations
, which will market and sell brand label Beijer
Electronics operator terminals globally. Intensive
development initiatives are started in the year, with
the intention to develop future operator systems
products
.
Product modifications related to the new brand label agreements also
consume development resources. |
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| 2004 |
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The development initiatives
are intensified and Beijer Electronics
launches its new
EXTER operator terminal
in autumn 2004. EXTER is the first product in an
all-new generation of operator terminals. This is a result of the
group's biggest iniative ever
. EXTER is based on
an all-new platform, BEPP (Beijer Electronics Power Panel) - a new basic
concept underpinning the group's future operator terminals, signaling a
major technology shift. |
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| 2005 |
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Strategic aquisition - a milestone in Beijer Electronics'
history In March 2005 , Beijer Electronics acquires the Taiwanese company
Hitech Electronics
- a renowned player in the
sector, with sales focused mainly on Asia. The acquisition brings
Beijer Electronics a strategic network of sales channels for the group’s
proprietary operator terminals on the high-growth Asian market. This means
the group becoming a genuine global player in HMI products. |
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| 2006 |
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In early April, Beijer Electronics
decided to incorporate a subsidiary in Shanghai, China. Through Hitech,
the group already has a local distributor in China. The primary purpose of
the Chinese subsidiary is to support the local distributor and service the
market as part of the launch of Beijer Electronics’ EXTER terminals in
China.
In June, Beijer Electronics signed an
agreement with Mitsubishi Electric to take over the distribution rights to
its agencies in Denmark and the Baltic region, and those agencies
Automation did not already possess in Finland. Coincident with this deal,
Mitsubishi Electric acquired 15 per cent of the Automation business area.
This deal gave the Automation business area new growth opportunities,
while simultaneously conferring long-term stability and security to
business, and our relations with Mitsubishi Electronics. The deal was
closed in October.
Building on the deal with Mitsubishi Electric,
Automation acquired parts of UTU Powel of Finland’s automation segment
operations in Finland and the Baltic countries. The deal was closed in
October. The objective is to further enhance and increase regional market
shares, and increase the sales of Beijer Electronics’ proprietary HMI
products.
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