Sick and Endress+Hauser are joining forces to sell and service Sick's process analyzers and gas flowmeters, the two companies announced in a joint press release. The strategic partnership will see Swiss mesurement and automation technology specialist Endress+Hauser take over worldwide sales and service of German sensor company Sick’s process analyzers and gas flowmeters, with a joint venture to be established for their production and further development. The aim of the partnership is to offer customers better support to increase their efficiency and sustainability, the companies said.
The companies signed a joint memorandum of understanding for a strategic partnership in October 2023. Since then, the project has been examined and plans for implementing the cooperation have been drawn up. Following approval by the respective supervisory bodies, representatives of both companies have now signed a corresponding agreement. The closing of the transaction is planned for the turn of the year 2024/2025 and is subject to approval by antitrust authorities.
Around 800 specialized sales and service employees in 42 countries will transfer from Sick to Endress+Hauser. Endress+Hauser said its global sales network will enable additional customers to be acquired, more industries to be reached and new applications to be developed.
From 2025, the production and further development of process analyzers and gas flowmeters will be the responsibility of a joint venture in which each partner will hold a 50 percent stake. It will employ about 730 people at several locations in Germany. The joint venture will work closely with Endress+Hauser’s competence centers to drive product innovations forward efficiently.
Sick’s products are currently used in waste incineration plants, power, steel and cement plants, oil and gas , chemical and petrochemical plants and shipbuilding.
“This strategic partnership opens up opportunities for growth and development for Sick and Endress+Hauser. We are taking this path because by collaborating and networking we can achieve more together in a reasonable amount of time than either side could on its own – all this for the benefit of our customers, employees and both companies,” said Peter Selders, CEO of the Endress+Hauser Group. in a statement.
Mats Gökstorp, chairman of the executive board at Sick AG, added, “Our aspiration is to drive the sustainable transformation of the process industry and to support our customers in leveraging the opportunities presented by decarbonization. That is why Sick and Endress+Hauser are combining their technological and market expertise. In the interest of our customers and employees, we look forward to the strategic partnership and to shape the future of process automation together.”
Both companies see the sustainable transformation as a business opportunity. Sick and Endress+Hauser have worked together frequently on an order, project and customer basis. The two family-owned companies also share a long-term corporate approach.
