Pepperl+Fuchs Acquires Siemens Proximity Sensor Business

TWINSBURG, OH – Pepperl+Fuchs (Mannheim, Germany) has signed an agreement with Siemens Industry Automation Division (Nuremburg, Germany) to acquire Siemens’ binary proximity sensor business. The acquisition is expected to be finalized effective June 30, 2010, and Siemens will continue to accept, support and execute all orders for Siemens proximity sensors until the transfer is complete. The interim period will be used to seamlessly integrate the new business and products into Pepperl+Fuchs’ existing portfolio, while providing uninterrupted service and delivery capacity for Siemens proximity sensor customers.

“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, chief executive officer of Pepperl+Fuchs GmbH.

“Pepperl+Fuchs is recognized as a worldwide specialist in the field of electronic sensors and components for factory automation, and offers the best foundation for further developing Siemens binary sensor technology business,” says Hans-Georg Kumpfmüller, chief executive officer, business unit sensors and communication, Siemens Industry Automation.

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