Beijer Electronics acquires part of Korenix Technology Co., Ltd

Beijer Electronics has acquired a minority share in Korenix Technology Co., Ltd, forming a strategic alliance for broader product range and stronger sales.


Beijer Electronics has acquired a minority share in the Taiwanese technology and data communications company Korenix Technology Co., Ltd. The company has sales of over 60 million SEK per year and about 70 employees. The acquisition is an important part of Beijer Electronics´ growth plan in Asia and for business area Industrial Data Communications (IDC).

Beijer Electronics acquires 37% of Korenix, reportedly becoming the largest shareholder in the company. Korenix develops and sells industrial data communication products and is based in Taiwan with own sales companies in China. The acquisition opens a strategic collaboration between Korenix and Beijer Electronics´ subsidiary Westermo who has a strong base in Europe.

The cooperation gives both companies:

  • Broader product range, through complementary products
  • Stronger sales channels in Asia and Europe
  • Mutual exchange of technology
  • Opportunity to purchase common components
  • Opportunity for more efficient product development

Beijer Electronics' CEO, Fredrik Jönsson, comments the strategic alliance:

"Korenix is a high-growth company. In a short amount of time they have developed a high-quality product range and are expected to more than double their turnover in the coming years. The cooperation allows us to expand our business in industrial data communications with a broader technology and product offering and geographic coverage." Korenix, founded in 2004, has a technology and product portfolio and a market focus that complements Westermo well. Through this cooperation Westermo gets access to the broader industrial data communications market with cost effective solutions for market segments such as industrial automation, building automation, and the security and surveillance sector. Korenix will be able to offer an increased product range of robust products for network environments with very high demands on reliability and redundancy.

"I see a great potential in this cooperation and together we will be able to offer competitive solutions to a broader market", says Lars-Ola Lundkvist, Business Area Manager of IDC.

"It's a perfect match between Korenix and Beijer Electronics, with complementing products and technologies. Korenix can benefit from Beijer Electronics' experience and reputation in the market to expand its market exposure", says Spencer Lee, President of Korenix Technology.

The three founders of Korenix will remain as shareholders and continue to run the company in their current roles. The acquisition of a share in Korenix is Beijer Electronics´ second acquisition in Taiwan. Five years ago a company was acquired within business area HMI Products.

Beijer Electronics Inc.

- Edited by Amanda McLeman, Control Engineering,

No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2013 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
A cool solution: Collaboration, chemistry leads to foundry coat product development; See the 2015 Product of the Year Finalists
Raising the standard: What's new with NFPA 70E; A global view of manufacturing; Maintenance data; Fit bearings properly
Sister act: Building on their father's legacy, a new generation moves Bales Metal Surface Solutions forward; Meet the 2015 Engineering Leaders Under 40
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again
Pipeline vulnerabilities? Securing hydrocarbon transit; Predictive analytics hit the mainstream; Dirty pipelines decrease flow, production—pig your line; Ensuring pipeline physical and cyber security
Upgrading secondary control systems; Keeping enclosures conditioned; Diagnostics increase equipment uptime; Mechatronics simplifies machine design
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
Building high availability into industrial computers; Of key metrics and myth busting; The truth about five common VFD myths

Annual Salary Survey

After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.

The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.

Read more: 2014 Salary Survey: Confidence rises amid the challenges

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.