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Significant events from year 2000 and on

2000 Beijer Electronics enters a new and exciting phase, the key feature being our listing on the Stockholm Stock Exchange 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.
2001 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.

As a consequence of Stena Sessan acquiring 25 per cent of its shares in late December, Beijer Electronics gains a new main owner.

2002

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.

The recent change in owner structure was followed by the appointment of a new board at the Annual General Meeting in April .
2003 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.
2004 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.
2005

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.

2006

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.

2007 On January 1, Beijer Electronics takes over the agency for Mitsubishi Electric products in the Danish market.

At the same time a new subsidiary and an office outside of Copenhagen was formed. The aim was to build an organization on the Danish market to sell Automation's entire product range, including the Group's proprietary operator terminals.

In March, Beijer Electronics signed an agreement to acquire the Danish automation company Brodersen Automation A / S. The acquisition gave Beijer Electronics a valuable customer base in Denmark and also a complementary product portfolio for the entire Nordic and Baltic markets.

In June business area HMI Products acquired the German HMI company Lauer. The acquisition was another milestone for Beijer Electronics. Lauer gave the group a very strategic position and strengthened HMI Products presence in the key German market. Germany is Europe's largest single market for automation products.

In December, Beijer Electronics signed an agreement to acquire the Swedish company Westermo Industrial Telecom AB. Westermo is active in industrial data communication, which is an abstract developing field of automation.   

2008 Westermo is part of the Beijer Electronics group and from January 1 forms a separate business area, Industrial Data Communications (IDC), within the Group.  
2009 The new software platform iX was introduced in November.
2010 Two strategic acquisitions were made in the year, one in the U.S. and 

one in Taiwan. American QSI Corporation is a leading provider of rugged operator terminals and mobile data terminals for industrial and transport sectors. The acquisition gave Beijer Electronics a solid platform for continued expansion on the North American market.

The Taiwanese technology company Korenix, which develops and sells industrial data communication equipment, gave Beijer Electronics access to a wider product range, stronger sales in Asia, especially China and Taiwan, and a mutual exchange of technology with Westermo. The acquisition is an important part of Beijer Electronics’ growth plan for business area IDC in Asia.

The HMI Products business area expanded in several new markets with new sales units in France and the UK.

In addition to the expansion through acquisition of Korenix business area IDC set up a new sales and support unit in the U.S. to expand its presence on the U.S. market.

 

 


 



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