October 31, 2019 - Westermo, a business entity of the Beijer Group, has acquired 100% of Virtual Access Limited, an Irish-based technology company specialising in wireless industrial routers and gateways, and managed connectivity services for customers in the utility, traffic management and telecommunications sectors.
Virtual Access has 40 employees and operations in Dublin, with annual sales of approximately €12M (~130 MSEK). With the earlier acquisition of Neratec Solutions AG, a specialist in WLAN solutions used within the railway industry, this latest acquisition provides Westermo with an industrial wireless portfolio to support remote data networking applications in a range of demanding applications.
The acquisition will have limited impact on Beijer Group’s earnings in 2019 and is expected to contribute in 2020 in line with Westermo’s profitability level.