Beijer Electronics divests the US Vehicle division to focus on core strategy

Beijer Electronics has today divested the American Vehicle business — the supply
of panels to various transportation segments — to Israeli company Micronet. The
Vehicle business was originally a part of QSI Corporation that was acquired by
Beijer Electronics in 2010.

Beijer Electronics will continue to develop its US business by focusing on the
sale of HMI panels to the industrial market. The size of this business is
estimated to 150 MSEK in 2014.

The divestment is a consequence of the strategy to focus more resources on the
global core business of Industrial HMIs. The Vehicle business had in 2013
revenues of 70 MSEK.

"Divesting the Vehicle business is the right thing to do from a strategic
perspective. We want to focus our resources to drive the development of our core
business within Industrial HMIs. Micronet has their core business in the Vehicle
area and will be able to integrate the business and benefit from several
synergies. This transaction will create value for Beijer Electronics, our
employees and for our customers.” says Fredrik Jönsson, CEO and President of
Beijer Electronics AB.
For more information please contact:
President and CEO, Fredrik Jönsson, tel 46 (0)40 35 86 10, mobile 46 (0)705 17
16 26
CFO, Anna Belfrage, tel 46 (0)40 35 86 53, mobile 46 (0)706 35 86 53
Beijer Electronics is a fast growing technology company with extensive
experience of industrial automation and data communication. The company develops
and markets competitive products and solutions that focus on the user. Since its
start-up in 1981, Beijer Electronics has evolved into a multinational group
present in 22 countries and sales of 1,376 MSEK 2013. The company is listed on
the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE.
www.beijerelectronics.se