Phoenix Contact sells Perle Systems Ltd. to Hitron Technologies Inc.
Phoenix Contact has entered into an agreement to sell Perle Systems Ltd. and its subsidiaries to Hitron Technologies Inc. The transaction represents an important step in Phoenix Contact’s strategic focus on its core businesses.
Perle Systems, headquartered in Ontario, Canada, is a globally recognized provider of high-availability industrial networking solutions that has developed well in its business areas over its time within the Phoenix Contact Group. Its products include serial-to-Ethernet devices, Industrial Ethernet switches, and advanced networking hardware for the industry automation, telecommunications, energy, and transport sectors. The company has almost 50 years of industry experience and reaches customers in numerous countries throughout the world, mainly through an international network of sales partners and distributors. Phoenix Contact acquired Perle Systems in 2016 and has since supported the company in strengthening its range of technologies, extending its international presence, and positioning itself in key industrial and networking segments. “Perle Systems has been a valued part of the Phoenix Contact family for a decade, delivering high-quality services, developing strong capabilities, and driving innovation in industrial networking”, emphasizes Dirk Görlitzer, CEO of Phoenix Contact. “The company’s development over the last ten years has been exceptional and we are confident that Hitron is the right strategic partner to support the next phase of Perle’s growth”.
Hitron Technologies is a leading global provider of broadband, Wi-Fi, and enterprise network technologies. The acquisition is Hitron’s first overseas acquisition and represents an important step in its global footprint, strengthening its enterprise and industrial networking capabilities. Phoenix Contact is focusing on its long-term strategic priorities and will continue to extend its core portfolio to drive industrial digitalization, electrification, and automation worldwide.
The completion of the transaction is still subject to foreign direct investment (FDI) approval in various countries. Phoenix Contact and Hitron will work closely together to ensure a smooth transition for employees, partners, and customers.
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