Pepperl+Fuchs acquires the proximity sensor business of Siemens
04 March 2010
Pepperl+Fuchs agreed to acquire the proximity sensor business of Siemens. The transaction, expected to be completed mid-2010, would enlarge P+F's offering of inductive proximity sensors and photoelectric sensors and strengthens its position in the market for ultrasonic sensor technology for factory automation.
On February 27, Pepperl+Fuchs, Mannheim, Germany, and the Siemens Division Industry Automation, Nuremberg (Siemens AG - NYSE: SI), signed an agreement on the acquisition of the Siemens business with binary proximity sensors for the factory automation by Pepperl+Fuchs, the companies announced in March. The parties agreed upon an integration period for a faultless transfer of the business to Pepperl+Fuchs. During this period Siemens will continue to accept and execute all orders for proximity sensors, until the transaction is complete and P+F integrates the business. Both companies said they guarantee a delivery capacity without interruption during the integration. The transfer of the business to Pepperl+Fuchs is scheduled for midyear 2010.
"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," says Dr. Gunther Kegel, CEO of Pepperl+Fuchs GmbH, in a statement.
"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 ," says Hans-Georg Kumpfmüller, CEO of the business unit for sensors and communication within the Siemens Division Industry Automation.
Transaction amount was not disclosed. P+F says the acquisition would enlarge the P+F offering of inductive proximity sensors and photoelectric sensors and would strengthen its market position for ultrasonic sensor technology for factory automation.
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