Pepperl+Fuchs acquires the proximity sensor business of Siemens
Pepperl+Fuchs agreed to acquire the proximity sensor business of Siemens. Siemens tells why in a March 8 update. On March 9, P+F told Control Engineering more about people, timeline, and assets.
On Feb. 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, they said in a press release. Both companies said they guarantee a delivery capacity without interruption during the integration. The transfer of the business to Pepperl+Fuchs is scheduled for mid-2010.
-Why did Siemens sell this business?
"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.
Dr. Gunther Kegel, CEO of Pepperl+Fuchs GmbH, P+F tells Control Engineering more about the people, timeline, and assets of the transaction. This information was added to this article on March 9.
-Does the transaction include people, facilities, manufacturing capabilities or other assets?
Does the transaction include all the sonar, optical, inductive, and capacitive lines, and associated accessories listed here ?
-Do the products duplicate any existing Pepperl+Fuchs products? If so, would any of the Siemens or Pepperl+Fuchs sensors be phased out or discontinued?
Will you disclose the purchase price?
Pepperl+Fuchs GmbH says it is a medium-sized family-owned enterprise, and among leading manufacturers in industrial sensor technology for factory automation. Products include magnetic and inductive technologies; capacitive, photoelectric and ultrasonic sensors; vision sensors and complex industrial vision systems; RFID; and AS interfaces. For process automation Pepperl+Fuchs offers intrinsically safe explosion protection devices and an internationally approved product portfolio with communication components for fieldbus devices. In 2009 the company had 3,750 employees worldwide and achieved sales of€ 300 million ($406.5 million) worldwide. www.pepperl-fuchs.com
The Siemens Industry Automation Division (Nuremberg, Germany) offers automation systems, industrial controls and industrial software. Its portfolio includes standard products for the manufacturing and process industries, solutions for industrial sectors, and automation for automobile production facilities and chemical plants. Automation and control software and other software solutions aim to optimize the value added chain of manufacturers - from product design and development to production, sales and a wide range of maintenance services. With around 39,000 employees worldwide (as of Sept. 30, 2009), Siemens Industry Automation achieved sales of€7.0 billion ($9.49 billion) in fiscal year 2009. www.siemens.com/industryautomation
Prior P+F acquisitions include the 2006 Pepperl+Fuchs purchase of the intrinsic safety business from Cooper Industries .
For more about the sensors, see :
- Edited by Mark T. Hoske, editor in chief, Control Engineering , www.controleng.com.