Pepperl+Fuchs Acquires Siemens Proximity Sensor Business
April 1, 2010
Pepperl+Fuchs Acquires Siemens Proximity Sensor Business
The deal includes an “integration period” during which the two companies will work together to ensure a “faultless transfer” of the business.
Pepperl+Fuchs GmbH (P+F, www.pepperl-fuchs.com), a Mannheim, Germany-based manufacturer of electronic sensors and components for intrinsically safe explosion protection, is acquiring the proximity sensor business of Siemens. The acquisition enlarges the P+F product portfolio in the field of inductive proximity sensors and photoelectric sensors , and at the same time strengthens its position in the market for ultrasonic sensor technology for factory automation, the company said.
Under terms of the deal, signed on Feb. 27 between Pepperl+Fuchs and the Siemens Industry Automation Division ( www.automation.siemens.com), Nuremberg, Germany, the companies will work together during an “integration period” to “prepare a faultless transfer of the business to Pepperl+Fuchs.” During this period, Siemens will continue to accept and execute all orders for proximity sensors. At the end of the integration period, this responsibility devolves to P+F.
No interruptions
This approach, according the P+F press release, shall take into account the efforts of both parties to guarantee a delivery capacity without interruption during the integration. The transfer of the business to Pepperl+Fuchs is scheduled for midyear.
“We wish to benefit from the technological spectrum, the highly qualified personnel, and the strong market position of Siemens, above all, in the field of ultrasonic sensors , for becoming even more competitive and profitable,” said Gunther Kegel, Ph.D., chief executive officer (CEO) of Pepperl+Fuchs GmbH.
“Pepperl+Fuchs, as a worldwide operating specialist in the field of electronic sensors and components for the automation industry, offers the best foundations for further developing our present business of binary production sensor technology,” said Hans-Georg Kumpfmüller, CEO of the Sensors and Communication Business Unit within the Siemens Industry Automation Division.
Pepperl+Fuchs GmbH
www.pepperl-fuchs.com
Siemens Industry Automation Division
www.automation.siemens.com
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