Swiss measurement and automation engineering specialist Endress+Hauser has completed the takeover of German analytical instrumentation provider Analytik Jena.
The remaining minority shares of Analytik Jena were legally transferred to Endress+Hauser on March 30, 2016 following the entry of the transfer resolution in the commercial registry that was previously adopted at the extraordinary general meeting in February. The process will now be finalized with the agreed-upon cash payout to the minority shareholders.
In the run up to the completed takeover, as majority shareholder Endress+Hauser owned all but 3.4 percent of the Analytik Jena shares. The demand for the remaining shares was delivered to Analytik Jena in September 2015. This set the final part of the takeover process in motion, during which an independent appraiser fixed the value of the company at 13.68 euros per share.
Endress+Hauser gained control of publicly-traded Analytik Jena AG in 2013, most recently holding 96.6 percent of the shares. The goal of the acquisition is to eventually be at the side of both companies’ customers from the lab to the process, giving support from product development to production. Analytik Jena has nearly 1000 employees worldwide in its core businesses analytical instrumentation and life sciences.
Endress+Hauser is a global leader in measurement instrumentation, services, and solutions for industrial process engineering. The group has more than 13,000 employees worldwide, generating net sales of more than 2.1 billion euros in 2015.
Endress+Hauser provides sensors, instruments, systems, and services for level, flow, pressure, and temperature measurement, as well as analytics and data acquisition.
Get more information on Instrumentation & Control at the International Powder & Bulk Solids Conference & Exhibition, May 3-5, 2016
For related articles, news, and equipment reviews, visit our Instrumentation & Control Equipment Zone
Click here for a List of Instrumentation & Control Equipment Manufacturers
