IDEC Corporation has announced the recent acquisition of APEM, making one of the world’s largest manufacturers of HMI components, panels and systems.
“This acquisition is a major step for IDEC to establish solid foundations for global growth," said Toshi Funaki, the president of IDEC. "It provides us with access to new customers, new markets, and greater range of products and services. Combining the two companies, we are a much bigger enterprise with a global reach. Together we have $500 million sales, 3500 people worldwide, Sales subsidiaries in 15 countries and factories in 10 countries. Thanks to the complementary product offerings, business models and geographical presence of the two companies, we expect significant synergies as we combine the two companies together,”
APEM’s products are primarily HMI interface components such as panel switches, joysticks, keypads and LED indicators. These components are assembled into HMI panels by their customers, or by APEM as semi-custom and full custom HMI panels. APEM’s primary markets include agricultural, material handling, medical, aeronautics, defense and transportation.
According to IDEC, the APEM acquisition will help accelerate its growth in Europe.
APEM will keep its product branding, and will maintain strategic development priorities under the leadership of the current management team.