Banner Engineering Overview

  • Year Founded
  • 1966

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 5,500

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 1

  • Investments
  • 3

Banner Engineering General Information

Description

Manufacturer of industrial automation products intended to serve manufacturing companies worldwide. The company focuses on developing a range of engineering products including photoelectric sensors, fiber optics, amplifiers and vibration sensors, remote monitoring and predictive maintenance solutions, enabling businesses to reduce communication inefficiencies and increase process speed for all manufacturing facilities.

Contact Information

Website
www.bannerengineering.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Corporate Backed or Acquired
Corporate Office
  • 9714 Tenth Avenue North
  • Minneapolis, MN 55441
  • United States
Primary Industry
Electronic Equipment and Instruments
Parent Company
Parker-Hannifin
Vertical(s)
Manufacturing
Corporate Office
  • 9714 Tenth Avenue North
  • Minneapolis, MN 55441
  • United States

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Banner Engineering Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Banner Engineering Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Manufacturer of industrial automation products intended to serve manufacturing companies worldwide. The company focuses
Electronic Equipment and Instruments
Minneapolis, MN
5,500 As of 2024

Essen, Germany
 

Minneapolis, MN
 
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Banner Engineering Competitors (46)

One of Banner Engineering’s 46 competitors is Ifm Electronic, a Private Equity-Backed company based in Essen, Germany.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Ifm Electronic Private Equity-Backed Essen, Germany
Turck USA Corporation Minneapolis, MN
SmartRay Corporate Backed or Acquired Wolfratshausen, Germany
Datalogic Corporation Bologna, Italy
Keysight Technologies Corporation Santa Rosa, CA
You’re viewing 5 of 46 competitors. Get the full list »

Banner Engineering Patents

  • 391

    Total Documents Applications and Grants

  • Total Patents Families

  • 240

    Granted

  • 56

    Pending

  • Expiring in next 12 mo

Banner Engineering Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
WO-2026215818-A1 Reference-responsive automatic drift-compensating sensor Pending 08-Apr-2025
CA-243447-S Distance measuring apparatus Active 04-Mar-2025
WO-2026178028-A1 Photoelectric sensor with dynamic teach mode Pending 21-Feb-2025
WO-2026177709-A1 Field-selectable cable exit sensor housing Pending 19-Feb-2025
CA-241847-S Movement sensor Active 11-Oct-2024
To view Banner Engineering’s complete patent history, request access »

Banner Engineering Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Banner Engineering Investments & Acquisitions (3)

Banner Engineering’s most recent deal was a Early Stage VC with WSG. The deal was made on 15-Mar-2023.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
WSG 15-Mar-2023 Early Stage VC Industrial Supplies and Parts
Turck Banner 01-Jan-2018 Merger/Acquisition Distributors/Wholesale
Turck Banner Singapore 01-Mar-2017 Joint Venture Electrical Equipment
To view Banner Engineering’s complete investments and acquisitions history, request access »

Banner Engineering FAQs

  • When was Banner Engineering founded?

    Banner Engineering was founded in 1966.

  • Where is Banner Engineering headquartered?

    Banner Engineering is headquartered in Minneapolis, MN.

  • What is the size of Banner Engineering?

    Banner Engineering has 5,500 total employees.

  • What industry is Banner Engineering in?

    Banner Engineering’s primary industry is Electronic Equipment and Instruments.

  • Is Banner Engineering a private or public company?

    Banner Engineering is a Private company.

  • What is Banner Engineering’s current revenue?

    The current revenue for Banner Engineering is .

  • Who are Banner Engineering’s competitors?

    Ifm Electronic, Turck USA, SmartRay, Datalogic, and Keysight Technologies are some of the 46 competitors of Banner Engineering.

  • When was Banner Engineering acquired?

    Banner Engineering was acquired on 01-Jan-1990.

  • Who acquired Banner Engineering?

    Banner Engineering was acquired by Parker-Hannifin.

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