April 6, 2017 — IDEC Corporation, a manufacturer of industrial automation and control devices, announces the recent acquisition of APEM. With more than $ 500 million USD 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 Group 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, IDEC meets their customers’ needs today and tomorrow.
IDEC’s has four main lines of business: Industrial & Safety, Electronics & Automation, Explosion-Proof and LED. Products within these lines of business 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.
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 their customers, or by APEM as semi-custom and full custom HMI panels. APEM’s primary markets include agricultural, material handling, medical, aeronautics, defense 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 full custom HMI panels extends IDEC’s product portfolio into this area.
APEM’s 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 United States will provide unique opportunities for selling high quality products and solutions 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.
APEM will keep 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.