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Weidmüller invests in ORing

   

Weidmüller invests in ORing

The Weidmuller Group, an international vendor of industrial connectivity and automation solutions, has acquired a minority stake in ORing Networking Corporation. 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.

www.weidmuller.com
oringnet.com

Photo: Angus Shih, CTO at ORing



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