MALMÖ, Sweden--(BUSINESS WIRE)--Regulatory News:
Beijer Electronics (STO:BELE):
Sharpened competitiveness, through continued high pace of product development as well as strategic partnerships and acquisitions, was the focus of the company during the past year. More information about this is available in Beijer Electronics' 2013 Annual Report, published today in English on the company’s website, www.beijerelectronics.se.
Beijer Electronics strengthened its position with the launch of a much-expanded product offering under own brand within the technology areas HMI, control and drive and several product launches within industrial data communication, among other activities.
The group continued its geographical expansion acquiring the Turkish automation company Petek Teknoloji Ltd., which has represented Beijer Electronics since 2005. The acquisition provides a direct access to a new market for Beijer Electronics’ complete product portfolio.
While the sales for the year in general were characterized by the hesitant economy, sales within Industrial Data Communication achieved organic growth of ten percent. Almost half of these sales are now sourced from new products developed in recent years.
In his comments on the year, President and CEO Fredrik Jönsson said: ” Forward-looking and customer-oriented product development is the route to success on our market, and we maintained a high tempo of product development in 2013. Our goal-oriented focus on development for specific market segments, such as Train, paid off convincingly in the year.”
The Annual Report is available on the company’s website in English and Swedish. The Report can also be ordered from the company by phone on +46 (0)40 35 84 96 or by sending an e-mail to email@example.com.
Beijer Electronics is a fast growing technology company with extensive experience of industrial automation and data communication. The company develops and markets competitive products and solutions that focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group present in 22 countries and sales of 1,376 MSEK 2013. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE. www.beijerelectronics.se
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