STOCKHOLM – EG Electronics has acquired all shares in WEAB Wermlands Elektronik.
WEAB provides electronics manufacturing in small and medium runs for automotive, defense and other industrial electronics.
Following the change in ownership, the previous owners Per Olov Olsén and Patrik Nygren will continue to work for WEAB in their respective roles of managing director and technical director.
“EG Electronics has collaborated with WEAB on several projects over the years, and now that WEAB becomes a fully integrated part of the electronics business area, we can more clearly and efficiently offer our customers total solutions, including assembly and product testing,” said Elisabet Österlund, head of the electronics business area and managing director of EG Electronics. “We also believe many of our Swedish and even Nordic customers see advantages in having production in the immediate area.”
“We have a very positive view of EG Electronics’ takeover of operations, since we are now part of a larger structure and can access additional sales resources, contacts and organizational support. It feels very inspiring to continue working to develop WEAB as a part of the electronics business area within the KAMIC family,” said Olsén.
No financial terms were disclosed.