The Phoenix Contact Group has acquired Canadian company iS5 Communications Inc., based in Mississauga, Ontario, Canada. iS5 Communications is a provider of industrial network products and specializes in services and solutions for critical infrastructure networks.
iS5 Communications was established in 2012 and currently employs more than 40 people who specialize in bringing IIoT and IT together and who have significant engineering expertise. Phoenix Contact invested in iS5 in 2018 through its venture capital unit, Phoenix Contact Innovation Ventures. Product development and joint sales activities have already been initiated through the participation of Phoenix Contact USA Inc.
For Phoenix Contact the successful acquisition of iS5 Communications Inc. opens the possibility for further synergies and strengthens its position in the field of critical infrastructure networks. The already established strong technical skills in the new Canadian subsidiary transfer in a further gain and extension of the existing product portfolio with their leading product family Raptor. Furthermore, the acquisition will strengthen the presence of Phoenix Contact in North America.