Canadian Electrical Wholesaler

September 15, 2016

Phoenix Contact Acquires Perle Systems LimitedCanadian network specialist Perle Systems Limited joins Contact GmbH & Co. KG, based in Blomberg, Germany, as a subsidiary of the Phoenix Contact Group, an international operation that produces components, systems and solutions in the area of electrical engineering, electronics and automation.

Toronto-based Perle Systems provides products and solutions for industrial networks. Since 1976 the company has been developing and selling media converters, industrial Ethernet switches, and serial devices. The product range comprises a large number of variants and allows numerous and new applications as part of the digitalization process. Perle Systems has 50 employees.

Phoenix Contact plans to expand the new subsidiary into another competence centre for industrial networking within the group. Perle Systems Limited will continue its business operations under its own name.

With the acquisition of Perle Systems, Phoenix Contact has strengthened its competence as a provider of solutions for Industrie 4.0. “Perle Systems has extensive product know-how and successfully operates a global online business. This constitutes an important reinforcement for us with regard to the digitalization of business models. Due to the incorporation of this know-how, we complement our product portfolio and furthermore gain a valuable development resource,” says Frank Stührenberg, Chief Executive Officer of Phoenix Contact.

Phoenix Contact operates 59 international subsidiaries and companies, including Phoenix Contact Canada in Milton, Ontario. Phoenix Contact has supported the Canadian market since 1983 with technical and commercial service, sales, logistics and marketing and through their regional sales office and training centres in Montreal, Quebec, Calgary, Alberta and British Columbia.

 

Wholesale SalesWholesale sales rose 0.6% to $64.1 billion in June, partly offsetting the 1.9% decline in May. Sales were up in four of seven subsectors, representing 54% of total wholesale sales.

In dollar terms, two subsectors — miscellaneous, and machinery, equipment and supplies — contributed the most to the increase in June, while the motor vehicle and motor vehicle parts and accessories subsector posted the largest decline.

 

 

 

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Investment In Building ConstructionTotal investment in building construction decreased 0.9% in June to $15.1 billion, the first decline in eight months. A slight increase in non-residential investment (+1.0% to $4.8 billion) was offset by a decrease in the residential sector (-1.8% to $10.3 billion). On a constant dollar basis (2012=100), investment in building construction decreased 1.1% to $12.7 billion. Despite the monthly decrease, total investment grew 1.6% year over year in the second quarter.

 

 

 

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Lori BagazzoliBy Blake Marchand

Lori Bagazzoli, Regional Sales Manager for Viscor, is a 20-year industry veteran that has built an interesting career from the bottom up. Beginning as a 19-year old just out of college in customer service with EXM, she gained an intimate knowledge of the electrical and lighting supply business by working her way through various organizational levels.

“I was definitely able to learn the different roles, and understand all the different aspects of the business,” she said, “starting so young, I really had to put in my time to be able to move up.”

 

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Louis BeaulieuBy Line Goyette

Neither a Millennial nor a Baby Boomer, Louis Beaulieu embraces new technologies and new markets, but remains faithful to family traditions. He holds a bachelor’s degree in finance and a master’s degree in management from Laval University and is the General Manager of Ouellet Canada. A perfect profile for a career in the family business.

When I ask him if, as is often the case in a family business, he had always known that he was going to join the company, he replied, “Not at all. When I was young, I spent my school holidays at my older brother’s farm at Ile d’Orléans.

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