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Westermo announces acquisition of Neratec Solutions

Source: Westermo Teleindustri AB
09 July, 2019
1 min read
Westermo announces acquisition of Neratec Solutions
Westermo announces acquisition of Neratec Solutions
Neratec has about 25 employees and a Sales of approximately 6,5 MCHF (62 MSEK) in 2018 with operations is in Bubikon in Switzerland. The acquisition will have limited impact on BEIJER GROUP’s earnings in 2019.

July 9, 2019 - BEIJER GROUP’s business entity Westermo has acquired 100% of the Swiss company Neratec Solutions AG, a technology company specialized in WLAN products with a high focus on wireless communication solutions for the train and trackside sector.

Neratec has about 25 employees and a Sales of approximately 6,5 MCHF (62 MSEK) in 2018 with operations is in Bubikon in Switzerland.

The acquisition will have limited impact on BEIJER GROUP’s earnings in 2019.

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