Remaining minority shareholders receive cash compensation.
Swiss measurement and automation engineering specialist Endress+Hauser has completed the takeover of German analytical instrumentation provider Analytik Jena. The remaining minority shares of Analytik Jena were legally transferred to Endress+Hauser on 30 March 2016 following the entry of the transfer resolution in the commercial registry that was previously adopted at the extraordinary general meeting in February. The process will now be finalised with the agreed-upon cash payout to the minority shareholders.
In the run up to the completed takeover, as majority shareholder Endress+Hauser owned all but 3.4 percent of the Analytik Jena shares. The demand for the remaining shares was delivered to Analytik Jena in September 2015.This set the final part of the takeover process in motion, during which an independent appraiser fixed the value of the company at 13.68 euros per share.
Endress+Hauser gained control of publicly-traded Analytik Jena AG in 2013, most recently holding 96.6 percent of the shares. The goal of the acquisition is to eventually be at the side of both companies’ customers from the lab to the process, giving support from product development to production. Analytik Jena employs nearly 1 000 staff worldwide in its core businesses, analytical instrumentation and life sciences.
The Endress+Hauser Group
Endress+Hauser is a leader in measurement instrumentation, services and solutions for industrial process engineering. Endress+Hauser provides sensors, instruments, systems and services for level, flow, pressure and temperature measurement as well as analytics and data acquisition for the chemical, petrochemical, food and beverage, oil and gas, water and wastewater, power and energy, life science, primaries and metal, renewable energies, pulp & paper and shipbuilding industries.