Pepperl+Fuchs Acquires Siemens Proximity Sensor Business

June 29, 2010

Pepperl+Fuchs has signed an agreement with Siemens Industry Automation Division to acquire that company’s 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 the sensors until the transfer is complete.

The interim period will be used to integrate the new business and products into Pepperl+Fuchs’ existing portfolio, while providing uninterrupted service and delivery capacity for Siemens’ 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,” said Pepperl+Fuchs CEO, Dr. Gunther Kegel.

For more information, visit www.pepperl-fuchs.us.