Phoenix Contact acquires iS5 Communications: Solutions for infrastructure networks to be further developed
23 Dec, 2022

Phoenix Contact will strengthen its own position in the field of critical infrastructure networks through the acquisition of the Canadian company iS5 Communications Inc. strengthen.

Growing together

Phoenix Contact strengthens its position in the field of critical infrastructure networks with the acquisition of the Canadian company iS5 Communications Inc. On Phoenix Contact’s path to “Empowering an All Electric Society”, the acquisition fits perfectly into the corporate strategy, as it expands the company’s range of products and solutions, particularly in the area of infrastructure network solutions.

“We are delighted to have a strong global player like the Phoenix Contact Group at our side to further expand our business. The existing cooperation in product and technology development will continue to grow as a result of the acquisition,” says Pino Porciello, Chief Executive Officer at iS5 Communications Inc. Martin Müller, Vice President of Phoenix Contact: “The know-how of iS5 Communications Inc. enables Phoenix Contact to take a leading position in the market for critical infrastructure networks and to further expand the business together.”

Phoenix Contact already invested in the company in 2018 via its corporate venture capital arm, Phoenix Contact Innovation Ventures, as part of the financing round at that time. “Since our initial investment in iS5 Communications Inc. we were able to establish and expand an intensive exchange on further product development and joint sales activities with our own business units at Phoenix Contact, also involving our colleagues from Phoenix Contact USA Inc. I look forward to continuing to utilize iS5Com’s know-how together with Phoenix Contact,” says Marcus Böker, Managing Director of Phoenix Contact Innovation Ventures GmbH.

leads to further strengthening of the product portfolio

For Phoenix Contact, the successful acquisition of iS5 Communications Inc. opens up the possibility of further synergies and strengthens its position in the area of critical infrastructure networks. The strong technical expertise already established in the new Canadian subsidiary will further strengthen and expand the existing product portfolio with the leading Raptor product family. The acquisition will also strengthen Phoenix Contact’s presence in North America.

iS5 Communications Inc. based in Mississauga, Ontario, provides industrial networking products, services and solutions for critical infrastructure networks where IIoT and IT meet: Intelligent Edge, Cybersecurity and Analytics. The Canadian company was founded in 2012 and currently employs more than 40 people who have in-depth expertise in the field of technology thanks to the combination of IIoT and IT at the company headquarters in Canada.