Beijer Electronics Group’s business entity Westermo signs contract with North American rail company
BEIJER GROUP has through its business entity Westermo signed a contract with a large North American rail company with an estimated value during the contract period of 80 MSEK. The agreement includes supply of industrial networking technology for a major upgrade of its fleet of freight trains with data networks for signalling and video surveillance. Westermo will immediately begin to deliver devices, with installation expected to be complete in 2021.
“Although Westermo has operated in North America for almost 10 years, helping customers to complete many large-scale projects, this is a significant contract for the region,” says Philippe Thoumy, head of Westermo North America. “Westermo will provide vital and secure data communications technology to one of the largest Class 1 freight train companies in North America. Critical to our selection was our ability to provide a secure and cost-effective ‘one-box-solution’ that enables robust and reliable data communications. This technology will help set the standard for the continued modernization of the freight train industry in the region”, Philippe Thoumy ends.
“This important contract win is a confirmation of Westermo’s strong position in the North American rail market. Our local presence, offering extensive technical expertise and support, provides a great foundation on which to maintain a close partnership with this important customer in the coming years”, says Jenny Sjödahl, CEO of Westermo.
For more information please contact:
Jenny Sjödahl, CEO, tel: +46 (0)16 42 80 00, mobile +46 (0)72 589 60 80
Beijer Electronics Group:
President and CEO, Per Samuelsson, tel 46 (0)40 35 86 10, mobile 46 (0)708 58 54 40
Executive VP and CFO Joakim Laurén, tel 46 (0)40 35 84 96, mobile 46 (0)703 35 84 96.
This information is such that Beijer Electronics Group AB (publ) is required to disclose in accordance with EU's Market Abuse Regulation (MAR). The information was submitted for publication through the agency of the contact persons set out above at 13:00 CET, March 25, 2020.
Beijer Electronics GroupAB (publ) is a growing powerhouse of innovators within mission-critical industrial digital technology and IIoT. With a strong focus on the connection between people, technology and data, we share a pride in having some of the world's leading global companies as our core customers. Since its start-up in 1981, BEIJER GROUP has evolved into a multinational group of complementary business entities with sales over 1.6 billion SEK in 2019.
The company is listed on the NASDAQ OMX Nordic Exchange Stockholm’s Small Cap list under the ticker BELE. www.beijergroup.com