Detmold, Germany - The Weidmuller Group, an international market leader in industrial connectivity and automation, acquired a minority stake in ORing Networking Corporation (ORing) on May 31, 2019. With this acquisition, Weidmuller strengthens its strategic partnership with ORing and enables a deepening of technological cooperation.
“We are strengthening Weidmuller’s position to become a recognized player in the Industrial Internet of Things (IIoT) space … with this acquisition, we are taking an important step in that direction. In addition, we are complementing our presence in Asia and will benefit from ORing’s strong development expertise,” said Volker Bibelhausen, Chief Technology Officer of Weidmuller Group.
Angus Shih, Founder, Chief Technology Officer and Sales & Technical Leader at ORing added, “ORing will continue to exist as an independent company. With Weidmuller’s know-how and global positioning, we will work consistently and successfully on joint IIoT solutions for our global markets. By adopting the German working attituded into the ORing family, we are thrilled to cultivate the same spirit of excellence to enhance ourselves to the next level in high-quality product development and company managments systems. I am looking forward to partnering with Weidmuller and to intensify the cooperation that is now beginning.”
As a result of the share acquisition ORing will put together a dedicated development team for Weidmuller and relocate its European headquarters from Poland to Paderborn, Germany, at the newly established Weidmuller location, Zukunftsmeile 2.
Weidmüller – your partner in industrial connectivity.
As experienced experts we support our customers and partners around the world with products, solutions and services in the industrial environment of power, signal and data. We are at home in their industries and markets and know the technological challenges of tomorrow. We are therefore continuously developing innovative, sustainable and useful solutions for their individual needs. Together we set standards in Industrial Connectivity. The Weidmüller Group owns manufacturing plants, sales companies and representatives in more than 80 countries. In its fiscal year 2018 Weidmüller reached sales of 823 million euro with 4,900 employees.
ORing Industrial Networking Corp – Get connected, anytime, anywhere
Founded in Taiwan in 2005, in just 14 years, ORing has established four overseas branch offices for North America, Europe, India and China markets; and overall 200 employees worldwide. ORing not only specializes in developing innovative own-branded products for industrial settings but also experiences in IIoT new technologies for automation and smart city applications. Furthermore, based on ORing‘s strong experiences of developing industrial communication technology, ORing has incorporated its technological strength within product lines –Industrial Ethernet (PoE) switch, Industrial wireless AP/Router, IoT gateways, remote I/O modules, IIoT cloud service platform and APP to provide a total End to End IIoT solution.