Pepperl+Fuchs, Mannheim, Germany, has signed an agreement with Siemens Industry Automation Division, Nuremburg, Germany, to acquire Siemens’ 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, CEO 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 sensor technology business,” says Hans-Georg Kumpfmüller, CEO, Business Unit Sensors and Communication, Siemens Industry Automation.

About Siemens Industry Automation Division
The Siemens Industry Automation Division (Nuremberg, Germany) is a worldwide leader in the fields of automation systems, industrial controls, and industrial software. Its portfolio ranges from standard products for the manufacturing and process industries to solutions for whole industrial sectors that encompass the automation of entire automobile production facilities and chemical plants. As a leading software supplier, Industry Automation optimizes the entire value added chain of manufacturers – from product design and development to production, sales and a wide range of maintenance services. With approximately 39,000 employees worldwide, Siemens Industry Automation achieved sales of US $9.5 billion in fiscal year 2009.
www.siemens.com/industryautomation