Through the acquisition of the US based SpectraSensors, Endress+Hauser is tapping into the market for gas analysis, further reinforcing the position of the Swiss Group in the area of analytical measurements, especially in the oil and gas industry. SpectraSensors develops, manufactures and distributes laser-based gas analytical instrumentation. The devices are used in natural gas pipelines and plants, petrochemical refineries and chemical plants as well as for atmospheric monitoring.
“With SpectraSensors we are expanding our range in the field of analytics to include liquids and gases. In addition, we are strengthening our position as a supplier to the oil and gas industry,” confirms CEO Klaus Endress, emphasising the strategic dimension of the acquisition. “Gas analysis will play an important role in many future key markets, for example in safeguarding energy supplies – a significant and growing business.” The CEO also sees possible applications in other customer industries. He expects potential synergies in worldwide sales and services, in addition to technology.
Pioneer in laser measurement engineering
“SpectraSensors is a leading company in the field of absorption spectroscopy using tuneable diode lasers,” explains SpectraSensors managing director, George Balogh. “We have pioneered the development of this technology.”
SpectraSensors remains an independent company. “Under the mantle of the Endress+Hauser Group we are able to position ourselves better in the global market,” stresses Balogh. “Endress+Hauser will expand sales and service of the gas analysers while growing the SpectraSensor’s product portfolio.”
Founded in 2001, SpectraSensors is a spinoff of NASA’s renowned Jet Propulsion Laboratory and was mainly owned by institutional investors. The company employs about 90 people and generates annual sales of approximately 30 million US dollars.
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