Phoenix Contact GmbH, Blomberg Germany, concluded a contract for the acquisition of the Canadian network specialist Perle Systems Ltd., Toronto.
Via the deal, Perle Systems becomes another international subsidiary of the Phoenix Contact Group, a global market leader for components, systems and solutions in the area of electrical engineering, electronics and automation.
Perle Systems provides products and solutions for industrial networks. Since 1976 the company has been developing and selling media converters, industrial Ethernet switches, and serial devices. The product range comprises a large number of variants and allows numerous and new applications as part of the digitalization process.
Expand the new subsidiary to another competence center for industrial networking
The Canadian company currently has approximately 50 employees. It is the objective of Phoenix Contact to expand the new subsidiary to another competence center for industrial networking within the Group. With the acquisition of Perle Systems, Phoenix Contact has strengthened its competence as a provider of solutions for Industrie 4.0.
“Perle Systems has extensive product know-how and successfully operates a global online business. This constitutes an important reinforcement for us with regard to the digitalization of business models,” says Frank Stührenberg, CEO Phoenix Contact. “Due to the incorporation of this know-how, we complement our product portfolio and furthermore gain a valuable development resource”.
The company Perle Systems Ltd. will continue its business operations under its own name.