Phoenix Contact
Advisory board appointed and Canadian company acquired
The family-owned company Phoenix Contact now has an advisory board to advise the management. The Blomberg-based company has also strengthened its position in the field of network technology.
The new advisory board appointed by Phoenix Contact is made up of three external members and two representatives of the eleven shareholders. Dr. Eberhard Veit will chair the advisory board. He was most recently CEO of the automation company Festo.
Another member is Prof. Dr. Günther Schuh from RWTH Aachen University. The mechanical engineer has held the Chair of Production Systems since 2002. The third member of the advisory board is Ralph Heuwing, CFO at Dürr, a mechanical and plant engineering company. The family shareholders are represented by Christine Eisert, wife of the late Gerd Eisert, and Dr. Frank Eisert, son of Klaus Eisert. The shareholders Klaus Eisert, Oliver Hoffmeister and Prof. Dr. Dr. Helge Hohage are also members of the board.
The planned acquisition of Perle Systems
On August 31, Phoenix Contact signed an agreement to acquire the Canadian network specialist Perle Systems Limited. The Toronto-based company has been selling media converters, industrial Ethernet switches and serial devices developed in-house since 1976. Phoenix Contact's aim is to expand the new subsidiary, which currently has around 50 employees, into a further competence center for industrial networking within the Group. Frank Stührenberg, CEO of Phoenix Contact: "Perle Systems has extensive product know-how and successfully operates a global online business. This offers us an important reinforcement in the area of digitalization of business models. By integrating this expertise, we are supplementing our product portfolio and also gaining a valuable development resource." Perle Systems will continue to operate the business under its own name.
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