Endress+Hauser Aims for Complete Acquisition of Analytik Jena

Author photo: Constanze Schmitz
ByConstanze Schmitz
Category:
Industry Trends

Endress+Hauser (E+H) became majority shareholder of Analytik Jena AG in 2013.  Analytik Jena is a German provider of instruments and products in the areas of analytical measuring technology, life science, and optoelectronics.  In October 2014 the company applied for delisting from the Frankfurt stock exchange, which became effective 6 months later. 

Today, Endress+Hauser directly holds approx.  92 percent of the shares and voting rights in Analytik Jena.  The next step is to buy out the remaining minor shareholders.  "We've made it clear right from the start that we aim for the complete takeover of Analytik Jena.  We announced the withdrawal from the regulated market at an early point, and now we also want to notify the remaining shareholders in good time of our future plans," said Heiner Zehntner, Legal Counsel and member of the Executive Board of the Endress+Hauser Group and Supervisory Board member of Analytik Jena AG.

Analytik Jena is the biggest acquisition in the history of E+H, allowing them to move into the market of laboratory analytics.  Further recent acquisitions are Kaiser Optical Systems, a manufacturer of spectrographic instrumentation and applied holographic technology, in 2013; and SpectraSensors, a provider of laser-based on-line analyzers for process control and monitoring applications, in 2012.  These companies remain as independent entities inside the Endress+Hauser Group with access to the sales channels of the parent company.  With these strategic acquisitions E+H adds shares in adjacent markets to its healthy organic growth in instrumentation and process automation.

 

Endress+Hauser reports on 2014

The announcement follows in the wake of the annual press conference, on which E+H presented its financial statement for 2014.  Endress+Hauser informed that it has stood its ground in the market in an uncertain economic environment with net sales up in 2014 by 11.0 percent to 2.013 billion euros and a net income of 192 million euros. 

Endress+Hauser has doubled its turnover within eight years.  In 2014 the company generated over half of their net sales outside of Europe for the first time.  Furthermore they invested over 126 million euros worldwide and employed 12,435 staff by the end of the year. 

However, prospects for 2015 are clouded by economic risks and currency movements.  While the influence of foreign exchange rates was small in 2014, the consequences of the abolition of the minimum euro exchange rate by the Swiss National Bank in the current year are far harder to predict. 

For the first time, Endress+Hauser presented a sustainability report.  The report is intended to make developments visible and measurable and to document long-term developments.  Long-term stability and consistent, responsible growth are high on the agenda of the family owned Swiss company.  As Matthias Altendorf commented: "At Endress+Hauser, we don't think in quarters but in generations."

Keywords: Instrumentation, Process Automation, Process Analytics, Labor Analytics, Acquisitions, Sustainability, Endress+Hauser, Analytik Jena

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