Beijer Electronics and Mitsubishi Electric part ways

After more than thirty years of cooperation, Mitsubishi Electric and Beijer
Electronics have decided to part ways, this due to marked differences between
the companies’ respective strategies going forward. This means that the present
Distributor Agreement will not be renewed, but will terminate as per contract at
year-end 2015.
Beijer Electronics sales of Mitsubishi Electric products amount to approximately
150 MSEK annually. As a consequence of the lost volume, Beijer Electronics has
to restructure its Nordic organization, which will affect approximately 50-60
FTEs, of which 20-30 are in Sweden.

It is Beijer Electronics’ ambition to terminate the cooperation with Mitsubishi
Electric in the same professional spirit that has been prevalent throughout the
33 years we have been working together. In consideration of our long
cooperation—and our common customers—we have therefore initiated a detailed plan
that has as its purpose to ensure a smooth transition.

Up and to December 2015, Beijer Electronics will continue selling Mitsubishi
products to the same extent we do today.
For more information, please contact

Acting President and CEO, Anna Belfrage, tel +46 (0)40 35 86 53, mobile +46
(0)706 35 86 53
Chairman of the Board, Anders Ilstam, mobile +46 (0)706 30 76 02.
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 19 countries and sales of 1,402 MSEK 2014. The company is listed on
the NASDAQ OMX Nordic Stockholm Small Cap list under the ticker BELE.
www.beijerelectronics.se