/> Korenix Technology will continue its operations with existing organization and management team now as a part of the Beijer Electronics Group. With Westermo, Korenix will be part of the business area Industrial Data communication (IDC) and together offer a very strong product range to the world wide market.

Beijer Electronics' CEO, Fredrik Jönsson, comments on the acquisition:
We see a tremendous potential in the cooperation between Westermo and Korenix. The respective product lines are complementary and there is a good fit geographically as well,” says Fredrik Jönsson, President and CEO of Beijer Electronics.

John Lin, the co-founder and chairman of Korenix states “Globalization is the worldwide trend and Korenix is ambitious to grow business with the Beijer Electronics Group as an international company. Now Korenix has new opportunities to speed up the product development and increase the market expansion in Asia, especially China, to provide Beijer Electronics and Westermo a strong business base in the Asian market”.