Pepperl+Fuchs Acquires the Proximity Sensor Business of Siemens
The acquisition of the proximity sensor business of Siemens strengthens Pepperl+Fuchs` market position for ultrasonic sensors Mannheim - February 2010: Pepperl+Fuchs, worldwide leading manufacturer of electronic sensors and components for intrinsically safe explosion protection, acquires the proximity sensor business of Siemens. Pepperl+Fuchs increases its product portfolio in the field of inductive proximity sensors, photoelectric sensors, and at the same time strengthens its position in the market for ultrasonic sensor technology for factory automation.
On 27th February, 2010, Pepperl+Fuchs, Mannheim, and the Siemens Division Industry Automation, Nuremberg, signed an agreement on the acquisition of Siemen`s business with discrete proximity sensors for factory automation by Pepperl+Fuchs. To begin, the parties agreed upon an integration period during which they will prepare a transfer of the business to Pepperl+Fuchs. During this period, Siemens will continue to