Posted to News on 12th Feb 2018, 07:40
IDEC completes acquisition of APEM
IDEC Corporation, a leading manufacturer of industrial automation and control devices, has completed the acquisition of APEM. Together, IDEC and APEM are now one of the world's largest manufacturers of human-machine interface (HMI) components, panels and systems. With more than US$500million in total sales, the combined entity has a broad portfolio of industrial automation and HMI products, and access to markets across Europe, North America and Asia.
From factory sites to familiar everyday situations, IDEC supports the future of manufacturing and daily life through control technology. With many products, including a diverse lineup of network-compatible components advancing the Industrial Internet of Things (IoT), IDEC meets its customers' needs today and tomorrow.
IDEC has four main lines of business:
- Industrial and safety
- Electronics and automation
- Explosion-proof
- LED
Products are supplied to various industry segments including manufacturing, public transportation, agricultural and energy. These products include industrial controllers, HMIs, sensors, switches, power supplies, LED lighting and others.
Toshi K Funaki, the President of IDEC.states: "This acquisition is a major step for IDEC to establish solid foundations for global growth. It provides us with access to new customers, new markets, and greater range of products and services. Combining the two companies, we are a much bigger enterprise with a global reach. Together we have $500million sales, 3500 people worldwide, sales subsidiaries in 15 countries and factories in 10 countries. Thanks to the complementary product offerings, business models and geographical presence of the two companies, we expect significant synergies as we combine the two companies together."
APEM's products are primarily HMI interface components such as panel switches, joysticks, keypads and LED indicators. These components are assembled into HMI panels by customers, or by APEM as semi-custom and fully customised HMI panels. APEM's primary markets include agricultural machinery, material handling, medical, aeronautics, defence and transportation. These products and markets complement IDEC's standard HMI systems and industrial automation products. APEM's ability to design and deliver semi-custom and fully customised HMI panels extends IDEC's product portfolio into this fast-growing area.
APEM's strong historical presence and reputation will help accelerate IDEC's growth in Europe. IDEC's leadership position in Japan and across Asia will open new markets for APEM products, and help to support existing APEM business across Asia. The strength of the combined APEM and IDEC sales teams in the USA will provide opportunities for selling high-quality products to each company's customer base. IDEC and APEM together will be primarily focused on growing sales, with a huge potential of geographical and product offering synergies.
Gr©gory Sachnine, the President of APEM, comments: "With the acquisition by IDEC, a new page of APEM history starts. Our product offerings are complementary, which creates a unique opportunity to develop further sales and new products for our existing customers and new ones."
APEM will retain its product branding and will maintain strategic development priorities under the leadership of the current management team. APEM and IDEC share many of the same values including high-quality products, excellent customer service and a commitment to the long-term development of their employees. The combined entity will continue to serve customers worldwide in keeping with its long-standing reputation for customer satisfaction.
For more information go to www.apem.com.
