Beijer Electronics signs Letter of Intent with Finnish UTU

Beijer Electronics and the Finnish technology company UTU have today signed a Letter of Intent regarding UTU acquiring Beijer Electronics’ Finnish business. The divestment of the Finnish business is a result of the strategy to focus on the IAS business area as a state of the art HMI company.

Going forward, UTU will be a supplier of Beijer Electronics’ HMI products, as well as a number  of other brands, in Finland.

The divestment will have no or limited impact on Beijer Electronics’ financial result in 2015.

“The divestment of the Finnish business is a step in the direction to focus on Beijer Electronics as an HMI company. We are looking forward to a close cooperation with UTU in the future”, says Per Samuelsson, President and CEO of Beijer Electronics AB.

For more information please contact:

President and CEO, Per Samuelsson, mobile +46 (0)708 58 54 40
Acting CFO, Joakim Nideborn, tel 46 (0)40 35 84 49, mobile 46 (0) 707 72 29 83

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 19 countries and sales of 1,402 MSEK 2014. The company is listed on the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE. www.beijerelectronics.se