Beijer Electronics Acquires QSI Corp.

The deal gives the Swedish supplier of HMI products a wider portfolio of products and strengthens its presence in the North American market.

Beijer Electronics (www.beijerelectronics.com), a Malmo, Sweden-based supplier of human-machine interface (HMI) products, announced on Oct. 22 that it has acquired QSI Corp. (www.qsicorp.com), Salt Lake City, a manufacturer of industrial HMI and mobile data terminals. Terms of the deal were not disclosed.

“With the acquisition of QSI Corp., we get a strong presence in North America, which is a strategically important market for Beijer Electronics. Among other positive things, we see great potential with the extended product portfolio designed for demanding environments and for mobile applications," said Magnus Ekerot, Business Area Director of HMI Products for Beijer.

QSI Corp. will be known as Beijer Electronics Inc., and will become the North American subsidiary of Beijer Electronics, according to a separate announcement made by QSI. The company will continue to offer its rugged line of terminals in both the industrial and vehicle markets along with Beijer Electronics’ hardware and software.

Beijer Electronics, a publicly traded company, has offices in 16 countries and is best known for its iX Software platform and their line of HMI terminals. QSI Corp. is mainly active in the North American market, with about 70 employees and a turnover of approximately $20 million, according to the Beijer announcement.

In the announcement, Beijer said the acquisition of QSI Corp. means:
•    substantially increased body in the North American market with established sales and support channels
•    a wider portfolio of products and solutions by adding rugged operator panels and mobile data terminals for the industrial and transportation sectors
•    wider competence and development resources.

“We are very excited to join forces with Beijer Electronics and to provide our customers additional software and hardware products and services,’ said Barry Hobbs, QSI Corp chief executive officer. “This alliance provides access to global resources and will enhance the service and support that QSI is known for.”

James K. Elwell, co-founder and chairman of QSI Corp. stated, “After 27 years growing QSI, it is very gratifying to be acquired by a fine international company such as Beijer Electronics. This is an exciting opportunity for me, QSI’s stockholders and for the employees of QSI.”

Beijer Electronics
www.beijerelectronics.com

QSI Corp.
www.qsicorp.com

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