Endress+Hauser sign MOU to acquire Angenstein ESTECH AG

Endress+Hauser recently announced that it will be acquiring Switzerland-based Angenstein ESTECH AG, including the company’s production site in Cernay, France, ESTECH Industries Angenstein SA, succursale de Cernay. The two companies have signed a memorandum of understanding, according to a press release from Endress+Hauser. The company also stated that all workplaces at the metal processing company are to be retained.

For over 25 years, Angenstein ESTECH AG has been a key supplier of measuring tubes for Endress+Hauser flowmeters. The Cernay site and its 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,” stated Christophe Stoos, managing director of the Endress+Hauser Flow France plant in Cernay.

The owner families of Angenstein ESTECH AG (Wiese and Helfenstein) stated this is an “ideal succession arrangement” for the 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,” stated Martin Helfenstein, chairman of the board of directors for Angenstein ESTECH AG.

According the MOU, the two companies are interested in signing a purchase agreement by the end of September 2024 with the company transfer taking place on January 1, 2025.

Endress+Hauser stated that 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.

www.endress.com

Source: Endress+Hauser.