Beijer Tech acquires Encitech
On 5th of March 2019, Beijer Tech entered into an agreement to acquire the shares in Encitech Connectors AB in Halmstad.
The company is a Swedish manufacturer and distributor of electronic components for the industrial sector, with revenues of approximately MSEK 50 and favorable profitability. Half of the company’s revenues are derived from proprietary products and 70 percent of its products are exported to customers in some 20 different countries.
Beijer Tech’s President, Staffan Andersson, commented on the transaction: “I’m pleased that we have acquired this profitable and well-managed company which offers ample growth opportunities. We look forward to developing the company further together with its previous owners.”
Beijer Alma’s CEO, Henrik Perbeck, commented on the transaction: “Through this acquisition, Beijer Tech is showing new opportunities for profitable growth. Beijer Tech serves as a platform for acquisitions and is a good home for industrial manufacturing and trading companies.”
For further information, please contact:
President of Beijer Tech, Staffan Andersson, +46 72 247 47 36