Ependion Eyes Growth Through Global Trends and Acquisitions

Ependion, a Swedish technology group, has set ambitious growth targets, propelled by global megatrends and strategic acquisitions. The company specializes in digital solutions for industrial applications, offering secure control, steering, and data communication capabilities. Ependion's operations are organized into two main business units: Westermo and Beijer Electronics. Westermo leads the market in on-board train communication networks, benefiting from new cybersecurity regulations that are driving expansion. This unit also maintains a significant presence in the energy sector, leveraging the digitalization of power grids. Recent strategic moves, including the acquisition of Germany's Welotec and the establishment of a new unit in India, have further solidified this position. Beijer Electronics, the second business unit, holds a strong market position in the marine sector, providing Human Machine Interfaces (HMIs). Growth within this division is further supported by the industry's focus on sustainability and substantial investment in a new technology platform. Group CEO Jenny Sjödahl emphasizes that Ependion's core strength lies in its ability to integrate advanced technology with a global operational reach across sectors influenced by enduring trends such as digitalization and electrification.