Neratec, based in Bubikon, Switzerland, has about 25 employees and sales of approximately SFr 6.5m ($US 6.5m) in 2018.

“The acquisition of Neratec will strengthen Westermo’s offer to the rail industry to include a strong wireless portfolio that we can channel via our worldwide sales network,” says Westermo CEO, Ms Jenny Sjödahl. “Neratec in Switzerland will be our technology centre for industrial WLAN products within Westermo.”

The acquisition will have limited impact on Beijer’s earnings in 2019.