Clean Break: the company completely halting Russian engagements or exiting Russia
Leave Withdrawal
Pepperl+Fuchs SE is a German multinational company with its headquarters in Mannheim, Germany. The company manufactures products for fabrication and process automation and is specialized in sensor manufacturing, for example, sensors that are used in automatic doors in elevators. In 2019, Pepperl+Fuchs had a revenue of €715 million and employed 6,300 people worldwide.
Clean Break: the company completely halting Russian engagements or exiting Russia
Leave WithdrawalReceived revenues in Russia in 2021-2022. Completely stopped new business in Russia when the sanctions were introduced, but were forced to fulfill older delivery obligations for which had usually already received advance payments and which were not subject to sanctions or export bans. Completely discontinued business activities in Russia, reduced the workforce in two Russian companies in St. Petersburg and Moscow, and initiated the liquidation process for the legal entities that are no longer operational.