[2] The company was founded in 1975 under the name Phoenix Maschinentechnik AG and initially mainly produced and distributed technical gases for the welding industry.

[6][7] At that time, Phoenix Mecano was primarily active in the manufacture of enclosure technology, mechanical, and electromechanical components.

[4] In the years following its IPO, the company shifted focus to secondary products that were not considered strategic by developers, engineers, and mechanical designers.

[12] On 1 January 2021, the DewertOkin Technology Group was established as a separate business division with a potential partial IPO in China considered.

[8][13] As a result, Phoenix Mecano restructured its business segments into three divisions in 2021: Enclosure Systems, Industrial Components, and DewertOkin Technology Group.

[16] Also in 2023, after a five-year construction period, Phoenix Mecano opened a new industrial park in China on a 15-hectare site.

[19] The group operates internationally, with its primary production sites and development centres located in Germany, Hungary, Tunisia, India, and China.