Representatives of both companies have signed a memorandum of understanding. All workplaces at the metal processing company are to be retained.
Angenstein ESTECH AG with its French branch has been a key supplier of measuring tubes for Endress+Hauser flowmeters for more than 25 years. The Cernay site and its roughly 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,” said Christophe Stoos, managing director of the Endress+Hauser Flow France plant in Cernay.
Sale is part of succession planning
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 Switzerland-based Angenstein ESTECH AG.
As outlined in the memorandum of understanding, both sides want 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, will not be affected by the acquisition and will remain part of the ESTECH Group under the name ESTECH Industries Angenstein AG.
Cernay campus continues to grow
Endress+Hauser has been producing flow measurement technology in Cernay 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.
Source: Endress+Hauser AG
