- April 01, 2010
TWINSBURG, OH | Pepperl+Fuchs, Mannheim, Germany, has signed an agreement with Siemens Industry Automation Div., Nuremburg, Germany, to acquire Siemens' binary proximity sensor business. The acquisition is expected to be finalized effective June 30, and Siemens will continue to accept, support, and execute all orders for Siemens proximity sensors until the transfer is complete.
“We are delighted with the acquisition and the opportunity to benefit from the broad technological spectrum, highly qualified personnel, and strong market position of Siemens, particularly in the field of ultrasonic sensors,” says Dr. Gunther Kegel, CEO of Pepperl+Fuchs GmbH.
What's happening at your company? Send your news to firstname.lastname@example.org.