German sensor company SICK and the Swiss measurement and automation technology specialist Endress+Hauser have agreed on a strategic partnership. Endress+Hauser will take over worldwide sales and service of SICK’s process analyzers and gas flowmeters, with a joint venture to be established for their production and further development.
The two 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.
The two companies’ offerings in process technology complement each other. A key aspect of the strategic partnership will be Endress+Hauser taking over sales and service for process analysis and gas flow measurement technology. Around 800 specialized sales and service employees in 42 countries will transfer from SICK to Endress+Hauser.
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% 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.
