AMERSFOORT, Netherlands - Yokogawa Europe B.V., the European regional headquarters of Yokogawa Electric Corporation (Japan), announces the launch of Yokogawa Nordic AB as of January 1, 2001. The company, capitalized at 8 million krona, will be based in Kista-Stockholm (Sweden) , expecting a sales growth of 160 million krona by fiscal year 2004.
The company will be targeting at leading telecommunication companies in the Nordic market and offers marketing and sales of Yokogawa's test and measurement (T&M) products. It also plans to include product planning and development in the near future.
T&M systems are considered to be vital to the development of wireless Internet applications (i.e. 3rd generation W-CDMA cellular networks), a market with an enormous potential. As several Nordic IT and telecommunication companies have a major global market share, Yokogawa considers its relationship with these companies to be strategically important for future business growth.
"Information and communications technology is advancing at a revolutionary speed entering all parts of our lives. Reflecting this trend, Yokogawa is continuously investing in new technology, products and business", explains Naoki Nakamura, managing director Yokogawa Nordic. "With Yokogawa Europe investing 100% of its capital, Yokogawa Nordic will be tasked to provide operational marketing-sales coverage of Sweden, Finland, Denmark and Norway, primarily to enhance support of existing T&M services to mobile communications device suppliers."
"Yokogawa's choice of Sweden as the location for its Nordic office shows, once again, that we offer first-class business conditions for the information technology industry," says Kai Hammerich, Director-General of Invest in Sweden Agency. "Sweden is the recognized European center of information technology, particularly in the area of wireless communications and mobile Internet."
About Yokogawa Europe B.V.
The European headquarters were founded in Amersfoort, the Netherlands in 1982. Throughout Europe Yokogawa has its own sales, service and engineering operations. This dedicated network has been extended to Central and East Europe and Southern Africa to further enhance the coverage and support associated with serving the process control and automation market place. The company develops and produces flowmeters at Rota Yokogawa in Germany and liquid analysers and industrial safety systems in the Netherlands. In addition to this dedicated network of Yokogawa subsidiaries is a select organization of Test & Measurement (T&M) subsidiaries and distributors establishes in certain area to support the specific customer needs of this continuously developing and specific market of T&M instrumentation. For more information about Yokogawa Europe B.V., visit www.yokogawa-europe.com.
