Ependion’s acquisition of the technology company Welotec has been completed

Ependion AB announces that the business entity Westermo has completed the acquisition of all shares in Welotec GmbH, a German technology company based in Laer. Through the acquisition, Westermo strengthens its position in the fast-growing energy segment and gains access to complementary technology in Edge Computing.

The acquisition was announced on 2 April 2025 and has now been completed. Welotec will serve as the technology center for Edge Computing within Westermo, enabling synergies in sales and product development. The company has approximately 70 employees and reported revenues of around 24 MEUR in 2024, with an operating margin of 13.4 percent.

“Welotec is a well-managed and profitable growth company that strengthens Westermo’s offering and our ability to accelerate growth in the energy segment”, says Jenny Sjödahl, President and CEO of Ependion.