American Industrial Systems sells 60% stake to Ennoconn
This acquisition will establish a new global leader in Industrial Internet of Things and Industry 4.0 markets.
American Industrial Systems, Inc. (AIS), Irvine, Calif., announced that Taiwan-based Ennoconn Corp. acquired a 60% stake in the company.
The combination of AIS’s visualization and human machine interface (HMI) technologies with Ennoconn’s strength will establish a new global leader in Industrial Internet of Things (IIoT) and Industry 4.0 markets under Ennoconn’s guidance and management. Ennoconn collaborates with its own elite group of subsidiary companies under the Foxconn IPC Business Group.
Both AIS and Ennoconn have been migrating product roadmaps and portfolios to capture the burgeoning opportunities within IIoT and Industry 4.0 markets.
“We have known business continuity (BC), business intelligence (BI) analysts and cost-efficiency have become essential demands for supporting IIoT platforms,” says Nelson Tsay, AIS founder and CEO. “With Ennoconn’s investment, AIS will formally join the world's largest electronics manufacturing company Foxconn Technology Group. Foxconn is globally renowned for its superior manufacturing capabilities, cost-efficiency and superior quality. It is anticipated that with the collaboration of this unparalleled IoT portfolio, AIS is poised to have a significant impact in the HMI and industrial PC industry.”
“The new investment is a key growth path in our long-term business development strategies, and follows a significant number of the other similar strategic investments made by Ennoconn Corp. in companies with Industry 4.0 and Industrial IoT as their core business focus,” adds Steve Chu, chief executive officer of Ennoconn. “Under Ennoconn’s management, the Foxconn IPC Technology Group along now with AIS, are positioned to become a dominant leader and provider of global, total IIoT and Industry 4.0 solutions.”