We are experiencing increasing partnerships as companies strive to provide more comprehensive solutions to customers. This partnership news concerns German sensor company SICK and Swiss measurement and automation technology specialist Endress+Hauser. Both companies are aiming for a strategic partnership for SICK’s process automation business segment and have signed a joint memorandum of understanding.
The goal of the partnership is to expand the Endress+Hauser product portfolio with process analysis and gas flow measurement engineering from SICK. The two companies intend to establish a joint venture for the production and further development of SICK process technology. The sales and service teams of SICK’s process automation business segment will become part of Endress+Hauser’s global sales network. In total, this segment currently employs more than 1,400 people in 28 countries and generates more than 350 million euros in sales annually.
The process technology offerings from both companies complement each other. The process analysis and gas flow measurement engineering from SICK – for emissions monitoring in flue gas cleaning processes or for gas flow measurements, for example – are employed particularly in waste incineration facilities, at power, steel and cement plants, in the oil & gas industry, in chemical and petrochemical production and in the marine sector. In the past, the companies have frequently worked together on an order, project and customer basis.
Both shareholder families, as well as the respective supervisory bodies of SICK and Endress+Hauser, are backing the planned strategic partnership. Using the memorandum of understanding as a foundation, experts from both companies are now conducting due diligence to determine how the collaboration can be accomplished and brought to fruition. The contract is expected to be signed before the end of the first quarter of 2024, while closing of the transaction is scheduled for the middle of next year.