Ependion Aims for 10% Annual Growth through Digital Strategy and Acquisitions
Ependion targets 10% annual growth via digital and strategic initiatives.
- • Ependion aims for at least 10% annual organic growth.
- • Westermo leads in onboard communications, benefiting from cybersecurity regulations.
- • The acquisition of Welotec enhances Westermo's energy sector presence.
- • Beijer Electronics focuses on sustainability in marine technology.
Key details
Ependion, a prominent Swedish technology company, has set a clear goal of achieving at least 10% annual organic growth by leveraging digital solutions and pursuing strategic acquisitions. With a focus on global megatrends such as digitalization, electrification, and sustainability, Ependion operates through two main business units: Westermo and Beijer Electronics.
Westermo leads in onboard communication systems for trains, benefiting significantly from stringent cybersecurity regulations that are driving growth. The acquisition of Welotec, a German company, further strengthens Westermo's position in the energy sector, especially amidst the continuous digitalization of power grids. Meanwhile, Beijer Electronics specializes in marine operator panels, engaging actively in sustainable technologies that resonate with current market demands.
CEO Jenny Sjödahl emphasized the strategic transformation within Beijer Electronics, asserting that their investments in next-generation technology platforms are among 'the best on the market.' With operations spread across 21 countries and production facilities worldwide, Ependion is dedicated to navigating less cyclical segments where long-term trends significantly enhance demand. The company’s deep-rooted expertise in digital solutions positions it strategically to capitalize on the growing need for automation and sustainable practices across various industries.