Schneider Electric purchases Hyde Park Electronics
June 1, 2003
Schneider Electric (www.schneider-electric.com, www.squared.com) has announced the acquisition of Hyde Park Electronics Inc.
(www.hpsensors.com), manufacturer of ultrasonic sensor technology. Hyde Park Electronics is a family business located in Dayton, Ohio. The company, which was founded in 1963, generates sales of around $7 million and employs 46 people.
In the late 1980s, Hyde Park developed ultrasonic sensors designed to capture and transmit electrical data concerning motion or the positioning of products on a machine. The company incorporates a microprocessor and push-button to allow a customer to select a “window in space” in which objects may be detected through ultrasound.
The ultrasonic sensors, which will be marketed under the Telemechanique brand, will complement the Schneider portfolio of sensors currently consisting of photoelectric, inductive proximity and capacitive proximity sensors.
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