Weidmuller Group Acquires Heyfra Electronic GmbH, Industrial Networking Equipment Partner of Contemporary Controls
Downers Grove, Illinois (May 16, 2005)~The Weidmüller Group has acquired a majority interest in Heyfra Electronic GmbH (HEG) of Eisleben, Germany. Heyfra is a business partner with Contemporary Control Systems, Inc. (CCSI) headquartered in Downers Grove, Illinois, USA. Both CCSI and Heyfra design and manufacture industrial networking equipment for their customers worldwide to use in robotics, building automation, automotive, HVAC, fire and safety, and other applications.CCSI met HEG during the 1998 Trans-Atlantic Small Business Initiative matchmaking conference held in Chicago. This relationship has grown over the years first as a technology partner developing CAN and Industrial Ethernet products and second as a joint venture partner with the establishment of Contemporary Controls GmbH (CCG). Joint technology development between Contemporary Controls and Heyfra will continue under the new Weidmüller arrangement. The goal of joint technology development remains the same to maximize the effort in developing new products while reducing the time to market. Advanced technologies will continue to be shared between the two companies.As part of the agreement, CCSI has acquired the Heyfra shares in Contemporary Controls GmbH and will, therefore, become a wholly-owned subsidiary of CCSI. Contemporary Controls GmbH will continue to operate in Eisleben, Germany serving German-speaking countries.Industrial Ethernet is a key future technology. The acquisition of Heyfra, as a widely acclaimed expert in this field, represents a further milestone in the development of the Weidmüller Group and is the next logical step in the optimization of our portfolio. The cooperation with Contemporary Controls in particular which we aim to intensify with regard to R&D projects will enable us to tap the tremendous market potential of the Ethernet sector. With our acquisition of Heyfra, Weidmüller has significantly strengthened its position in the growing Industrial Ethernet market; this new know-how will benefit above all our customers, said Thomas H. Hagen, CEO of the Weidmüller Group.According to CCSI President, George Thomas, Weidmüller has an excellent reputation in the industrial marketplace and can provide additional resources to Heyfra, benefiting our joint development efforts. There is no limit to the technology opportunities with Industrial Ethernet.In order to better serve their customers abroad, CCSI has established two other subsidiaries. In 1997 it formed Contemporary Controls Ltd, (CCL) at the University of Warwick Science Park in Coventry, England to service the European Economic Area (EEA). In 2002 the company established Contemporary Controls (Suzhou) Co., Ltd (CCC) in Suzhou, PRC.Visit our website at www.weidmuller.com.
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