Siemens VDO has completed the acquisition of some of American Electronic Components, Inc.’s (AEC) employees, assets and technology, the company said, without disclosing the purchase price. Siemens VDO said the acquisition helped it to a leading market leadership position in the North American automotive sensors segment.
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The acquisition gives Siemens VDO access to AEC, including facilities comprising approximately 152,000 sq. ft. of operational space and 294 employees. AEC generated approximately US$40m in annual sales in 2004.
“This acquisition brings Siemens VDO additional engineering and design capabilities to grow our expertise in automotive sensor technology and secure a more competitive market position in the NAFTA region,” said Siemens VDO Sensors division general manager Bret Sauerwein. “AEC has the ability to quickly take a product from concept to production using their experienced engineering team. They have a history of designing highly engineered sensors that can impact both existing and new market segments.”
American Electronic Components (AEC), located in Elkhart, Ind., designs, manufactures and markets sensors used in automotive, heavy truck, off-highway and marine applications. The company specialises in antilock brake system (ABS) camshaft, crankshaft and transmission speed sensors using both “Hall Effect” and variable reluctance (VR) sensing technology. AEC also produces a wide range of Hall Effect-based, non-contacting position sensors used in various applications, such as chassis ride height, transmission range and accelerator pedal position.
In the immediate future, Siemens VDO intends to utilise the former AEC location as the company’s North American headquarters for its Sensors division.
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By GlobalData“For more than 65 years, AEC has distinguished itself in the North American market by its engineering capabilities, technical innovation, versatility and innovativeness,” said Siemens VDO Sensors Division Finance Director Chauncy Maher. “We look forward to merging AEC’s skills and expertise with ours to form a stronger, more competitive Sensors division in this market.”
