Acquisition includes the company’s production site in Cernay, France.

Staff

February 14, 2024

2 Min Read
flow meter
Endress_Hauser flow meterImage courtesy of Endress+Hauser

Endress+Hauser plans to take over Swiss Angenstein Estech AG, including the company’s production site in Cernay, France, Estech Industries Angenstein SA, succursale de Cernay.

Representatives of both companies have signed a memorandum of understanding. All workplaces at the metal processing company are to be retained.

With its French branch Angenstein Estech AG has been a key supplier of measuring tubes for Endress+Hauser flowmeters for more than 25 years. The Cernay site and its roughly 50 employees are already incorporated into Endress+Hauser’s operation. “The acquisition of Angenstein Estech AG will allow us to retain the employees’ knowledge and integrate important work stages even deeper into our production processes,” said Christophe Stoos, managing director of the Endress+Hauser Flow France plant in Cernay.

Succession Planning

The owner families Wiese and Helfenstein view the sale of Angenstein Estech AG as an ideal succession arrangement for their company. “Our focus was on preserving jobs and securing the future of the company. We believe the acquisition by Endress+Hauser represents the best possible solution,” said Martin Helfenstein, chairman of the board of directors of Switzerland-based Angenstein Estech AG.

As outlined in the memorandum of understanding, both sides want to draw up and sign a purchase agreement by the end of September. The business transfer is to take effect on January 1, 2025. The main operation in Aesch, Switzerland, which also supplies Endress+Hauser Flow in Reinach, will not be affected by the acquisition and will remain part of the Estech Group under the name Estech Industries Angenstein AG.

Cernay campus continues to grow

Endress+Hauser has been producing flow measurement technology in Cernay for more than 30 years. The site, which has been repeatedly expanded over the years, employs more than 500 people and primarily supplies the European market with electromagnetic, ultrasonic and vortex flowmeters. By 2026, the French sales center, which is currently based in Huningue, will also move into a new building on the company campus in Cernay.

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