From 1er July 2015, Endress+Hauser and Metso Automation Inc. will restructure their sales and service activities in Switzerland and Finland. The two groups intend to divest the minority stakes they hold in the respective entities and set up their own separate sales and service companies to better address their customers' needs.
Building on their positions in the Swiss and Finnish markets, consolidated over the last few years, Endress+Hauser and Metso have decided to offer their services through their own sales and service networks. However, the two companies will continue to cooperate closely on the transfer of activities, to ensure that the transition for their customers is as smooth and seamless as possible.
In Switzerland, Metso Automation Inc.'s minority shareholding in Endress+Hauser Metso AG will be transferred to Endress+Hauser on January 1.er July 2015. The sales and service company will be renamed Endress+Hauser (Schweiz) AG. It will focus exclusively on Endress+Hauser's industrial process engineering offering. For its part, Metso will continue to operate in the Swiss market for specialized valves and pumps.
Endress+Hauser's sales and service activities in Finland will be transferred on 1 January.er July 2015 to a new entity named Endress+Hauser (Finland) Oy. This company will be the sole representative of Endress+Hauser in the country. Metso, for its part, will focus on sales and service in the field of flow control solutions for the oil and gas, paper and pulp, mining and other process industries. Endress+Hauser (International) Holding AG's minority interest in the current Metso Endress+Hauser Oy will be transferred to Metso.
Pursuing the new strategy communicated in 2014, Metso will continue the transformation it has begun by refocusing on the three sectors of minerals, aggregates and flow control, with mining, aggregates and oil & gas as its target customers. It will also supply its flow control solutions and services to the paper and pulp, energy and other process industries.
Learn more: www.endress.com