Schneider Electric acquires American company Hyde Park Electronics, Inc.
Schneider Electric has announced the acquisition of Hyde Park Electronics, North American leader in ultrasonic sensor technology.
Hyde Park Electronics, Inc., is a family business located in Dayton, Ohio. The company, which was founded in 1963 generates sales of around EUR 6 million and employs 46 people.
In the late 1980s, Hyde Park developed ultrasonic sensor technology. These components are designed to capture and transmit electrical data concerning motion or the positioning of products on a machine. They incorporate a microprocessor and push-button to allow a customer to select a « window in space » in which objects may be detected through ultrasound.
Small and economical, ultrasonic sensors were rapidly successful and have moved into the industry market in food and beverage, automotive, microelectronics and paper manufacturing applications.
Strengthening our leadership in sensors
According to Mike Harley, leader of the Industry market in the North American Operating Division, « the acquisition of Hyde Park Electronics is a means for Schneider Electric to complete its wide range of sensors (photoelectric sensors, inductive and capacitive sensors) to offer a greater response to the needs of its customers and significantly strengthen its presence in the US industry market. Parallel to this, we are stepping up the launch of new automation products in order to speed up our organic growth.»
Via its worldwide network, Schneider Electric will distribute the technology developed by Hyde Park Electronics by selling these sensors under the Telemecanique brand name.
This acquisition marks Schneider Electric’s intention to develop its product offering in the automation sector and is in line with its external growth strategy.