Endress+Hauser has announced plans to take over Swiss Angenstein ESTECH AG, including the company’s production site in Cernay (F), ESTECH Industries Angenstein SA. Representatives of both companies have signed a memorandum of understanding. All workplaces at the metal processing company are to be retained.
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 the Swiss-based company.
Both sides wish to draw up and sign a purchase agreement by the end of September. The business transfer is to take effect on 1 January 2025. The main operation in Aesch, Switzerland, which also supplies Endress+Hauser Flow in Reinach (CH), will not be affected by the acquisition and will remain part of the ESTECH Group under the name ESTECH Industries Angenstein AG.
Endress+Hauser has been producing flow measurement technology in Cernay (F) 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.
@EstechIndustrie @Endress_Hauser @Endress_US @Endress_UK #PAuto #Automation
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