Segment information change in Beijer Electronics Group AB


BEIJER GROUP has decided that the two commercial entities Beijing electronics and Korenix must be declared as a single named segment Beijing electronics. The modification will come into force on January 1, 2022.

“During 2020, we started to strengthen the cooperation and collaboration between the two business entities Korenix and Beijing electronics“Says Per Samuelsson, President and CEO of BEIJER GROUP.” Our aim was to combine expert knowledge and a high level of competence in two of the key elements of digitization: data capture and communication of data. “

“By combining the skills of our teams in many areas, we have started to seize the opportunities in the markets for these technologies. By using the strength of our two brands, and by joining forces, we now have an even more competitive customer offering. for good growth in the future “, says Stefan Lager, CEO of the commercial entity Beijing electronics.

“Some recent customer gains are a clear demonstration that we are able to be a very relevant and valuable partner for many large customers who see value not only in our products but equally important in the people within our. organization. “

The cooperation and collaboration have gradually intensified in many areas such as the use of common sales channels, the coordination of supply and logistics and the cooperation within R&D. The CEO of Korenix, Wesley chen, reports since early 2021 to the CEO of the commercial entity Beijing electronics, Stefan Lager.

Proforma historical financial details will be provided in due course before the first report in 2022.

For more information please contact:

Chairman and CEO, Per Samuelsson, tel 46 (0) 40 35 86 10, mobile 46 (0) 708 58 54 40
Executive Vice President and Chief Financial Officer Joakim lauren, tel 46 (0) 40 35 84 96, mobile 46 (0) 703 35 84 96.

Beijer Electronics Group AB (published) is a growing power of innovators in the field of critical industrial digital technology and IIoT. With a strong emphasis on the connection between people, technology and data, we share the pride of having some of the world’s largest companies among our primary customers. Since its establishment in 1981, BEIJER GROUP has grown into a multinational group of complementary business entities with sales on 1.4 billion Swedish kronor in 2020.

The company is listed on the Nasdaq Stockholm Main Market under the symbol BELE. www.beijergroup.com

https://news.cision.com/beijer-electronics-group/r/change-of-operating-segment-reporting-in-beijer-electronics-group-ab,c3460138

https://mb.cision.com/Main/668/3460138/1501181.pdf

(c) Decision 2021. All rights reserved., source Press Releases – English


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