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QSI Corporation acquired by Beijer Electronics

Salt Lake City, Utah. 22 October 2010 -- QSI Corporation, manufacturer of industrial human machine interface (HMI) and mobile data terminals based in the United States, announced today it has been acquired by Beijer Electronics. Beijer Electronics [BELE] is a publicly traded company out of Malmo, Sweden with offices in sixteen countries around the world.  Their HMI Products business area is best known for their iX Software platform and their reliable line of HMI terminals.

“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, CEO of QSI Corporation. “This alliance provides access to global resources and will enhance the service and support that QSI is known for.”

QSI Corporation will be known as Beijer Electronics, Inc., and become the North American subsidiary of Beijer Electronics. 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.

“With the acquisition of QSI Corporation we get a strong local 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,” says Magnus Ekerot, Business Area Director of HMI Products. 

James K. Elwell, co-founder and chairman of QSI Corporation stated “After twenty-seven 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.” 

About Beijer Electronics 
Beijer Electronics is a fast growing technology company with extensive experience in industrial automation and robust data communication, developing and marketing competitive products and solutions with focus on the user. Since its start-up in 1981, Beijer Electronics has evolved into a multinational group present in 16 countries with sales of 160 million USD in 2009. The company is listed on the NASDAQ OMX Nordic Exchange Stockholm’s Small Cap list under the ticker BELE. For more information, contact Beijer Electronics, Inc. at 847-619-6068 or visit  www.beijerelectronics.com.

About QSI Corporation
Established in 1983, QSI Corporation is a leading manufacturer of rugged operator interface and mobile data terminals (TREQ®) for industrial OEMs and commercial vehicle systems integrators. QSI's human machine interface and mobile data terminal products include character and graphic terminals that are programmable, customizable, CE Certified and NEMA 4/12/13 rated. QSI excels at building custom and semi-custom terminals that can withstand high levels of shock, vibration, extreme temperatures, humidity and other environmental parameters. All QSI Corporation products are designed and manufactured in the USA. For more information, contact QSI Corporation at 801-466-8770 or visit www.qsicorp.com.





PR Contact:
Jenny Burgess

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