Ependion Targets Ambitious Growth Strategy Through Acquisitions and Digital Solutions
Ependion is implementing a growth strategy, including an acquisition of Welotec, targeting 10% annual organic growth.
Key Points
- • Ependion aims for at least 10% annual growth.
- • Recent acquisition of Welotec strengthens market position.
- • Focus on industrial digital solutions and sustainability.
- • CEO highlights investments in next-gen technologies.
Ependion, a Swedish technology company specializing in digital solutions for industrial applications, is pursuing a robust growth strategy with an ambitious aim of at least 10% annual organic growth. This goal is underpinned by strategic acquisitions and advancements in technology, particularly focusing on cybersecurity and sustainability, which have become critical in today's market.
The company operates through two key business units: Westermo and Beijer Electronics. Westermo has established itself as a market leader in onboard communication networks for trains and is seeing an uptick in business due to new cybersecurity regulations. The recent acquisition of the German company Welotec significantly enhances Westermo’s position in the energy sector, capitalizing on the growing trends of digitalization and electrification that are crucial for modern power management.
Beijer Electronics specializes in human-machine interfaces (HMIs) for the marine sector and is emphasizing sustainability as a core driver for growth. CEO Jenny Sjödahl highlighted the substantial investments the company has made towards next-generation technology, boasting that they offer "the best on the market."
Operating in 21 countries with production facilities across multiple continents, Ependion is strategically positioned to respond to less cyclical market trends and capitalize on long-term industry shifts. The company aims to be a partner for clients in their digital journeys, ensuring a more sustainable and secure future through its innovative solutions.