Helping the process industries reduce energy and resource consumption will require technology to monitor and control those processes. This is where German sensor solutions provider Sick AG and Swiss measurement solutions specialist Endress+Hauser want to join forces. The two have signed a joint Memorandum of Understanding for strategic partnership to address climate change and carbon-neutral transformation in industry. The companies believe that climate protection and the long-term transition to non-fossil fuels and resources has put industry in a state of flux, and both are poised to jointly contribute to helping industry meet sustainability goals and support a future-ready power supply.
The partnership will focus on jointly marketing and refining Sick’s flow and analyzer technologies. The two will also focus on supporting customers throughout the supply chain on climate and environmental protection, energy transition and the hydrogen economy.
Tentatively, each company will hold half the shares in the joint venture and contribute half the members of its senior management. Endress+Hauser plans to contribute financially, share its technological expertise, and open new sales channels worldwide. In turn, Sick is to contribute the product-generating units of its Cleaner Industries Business Cluster, which include several development and production sites throughout Germany, to the joint venture. The sales and service staff at Sick Sales and Service Units around the world with a focus on cleaner industries are to be transferred to Endress+Hauser’s sales centers. The next phase will involve a thorough review of the relevant business fields and drafting a contract for the two partners – which will tentatively be concluded in the first quarter of 2024 with the official signing of the contract for the integration and related transactions by both parties. The closing is scheduled for mid-2024.
Sick develops, manufactures and sells analyzer applications, e.g. for emissions monitoring in connection with conventional fuels. In addition, Sick’s ultrasonic flow meters already offer reliable measuring for natural gas/hydrogen mixtures, promoting the transition to non-fossil fuels. Sick has also been providing solutions for waste incineration plants, power plants, steel works and cement works, for the oil & gas industry, and for chemical/petrochemical plants for decades.
Endress+Hauser supports customers in the process industry worldwide in sustainable transformation. With its products, solutions and services, the company contributes to energy and resource efficiency, energy transition and the circular economy.
Dr. Mats Gökstorp, chairman of the executive board at Sick: “Through this strategic partnership, Endress+Hauser and SICK will break new ground. The impulse and source of momentum for this undertaking is the dynamic market environment for process automation, produced by the progressive decarbonization of industry. By working together, we can better capitalize on these excellent opportunities, while also developing the best solutions for and with our customers.”
Matthias Altendorf, chief executive officer of the Endress+Hauser Group: “Our strategic partnership is about mutual benefits at many levels. We want to seize shared opportunities by bundling our strengths. Because Sick and Endress+Hauser are already highly successful companies on their own, we are acting from a position of strength. We are convinced that together we will be even more successful. And by working cooperatively, we can support our customers even better and accompany them in the sustainable transformation of the process industry.”