Industry news: Pepperl+Fuchs acquires Intrinsic Safety Instrumentation business from Cooper
Pepperl+Fuchs has acquired the Intrinsic Safety Instrumentation (ISB) business from Cooper Crouse-Hinds, a division of Cooper Industries.
Pepperl+Fuchs has acquired the Intrinsic Safety Instrumentation (ISB) business from Cooper Crouse-Hinds, a division of Cooper Industries. ISB is located in Buehl, Germany. Both parties agreed not to disclose the purchase price.
"With this acquisition, Pepperl+Fuchs has further underlined its ambition to maintain and extend its leading position in the international market of fieldbus connectivity and intrinsic safety protection technology for process automation industries," said Jim Bolin, Pepperl+Fuchs corporate operations officer.
Cooper Industries is a $5 billion company headquartered in Houston, TX, dealing primarily with electrical products and tools. The ISB unit was originally part of CEAG, a company Cooper acquired in 1995. CEAG had set up the ISB business by combining the companies Digitable and Apparatebau Hundsbach, with its own activities at its facility in Buehl, Germany.
The products manufactured by ISB, including Remote I/O, DIN Rail devices ,and Zener Diode Barriers, are expected to fit well with the core offerings of Pepperl+Fuchs' Process Automation division, making the acquisition an attractive extension for both the Components+Technology and Systems+Solutions business units. The hazardous location Remote I/O system and the Ex-Hub fieldbus interface device should give Pepperl+Fuchs an opportunity to fill gaps in their current portfolio. The goal of the integration is to continue the major product lines and provide a seamless supply to its customers with product manufactured at the facility in Buehl. Pepperl+Fuchs will continue the production and retain all employees of the former ISB business unit.
Control Engineering Daily News Desk
Peter Welander , process industries editor