Beijer Electronics acquires the data communications company Korenix
Beijer Electronics has signed an agreement to acquire the Taiwanese technology and industrial data communications company Korenix Technology Co., Ltd. The deal, which gives ownership of 92 percent of the company, is expected to close latest during the first quarter next year. The acquisition is an important part of Beijer Electronics’ growth plan in Asia and for business area Industrial Data Communications (IDC).Earlier this year, Beijer Electronics acquired a minority stake in Korenix. At the same time Beijer Electronics’ subsidiary Westermo and Korenix initiated a strategic cooperation