Beijer Electronics signs cooperation agreement and repurchases minority shareholding

Beijer Electronics and Mitsubishi Electric have signed a three year cooperation
agreement building upon a 30 year relationship. This confirms Beijer Electronics
as Mitsubishi Electric’s preferred partner in the Nordic countries and the
Baltic states and together we will continue to develop the market in this
region.

In connection with this, Beijer Electronics and Mitsubishi Electric have agreed
to the repurchase of Mitsubishi Electric’s 15% minority shareholding in Beijer
Electronics’ business area Automation. The repurchase is in line with Beijer
Electronics’ strategy to become a leading independent supplier of user-friendly
automation solutions on a global basis.
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 21 countries and sales of 1,367 MSEK 2012. The company is listed on
the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE.
www.beijerelectronics.se