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With the acquisition of the US company SpectraSensors, Endress+Hauser is tapping into the market for gas analysis. This further reinforces the position of the Swiss Group in the area of analytical measurements and in the oil & gas industry.
SpectraSensors Inc with headquarters in Houston, Texas, and production facilities in Rancho Cucamonga, California, 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. The company employs about 90 people and generates annual sales of approximately 30 million US dollars.
“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 & gas industry,” confirms CEO Klaus Endress, emphasizing 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.
“SpectraSensors is a leading company in the field of absorption spectroscopy with tunable diode lasers,” explains Managing Director George Balogh, who will continue to head the company. “We have pioneered the development of this technology.” Founded in 2001, SpectraSensors is a spinoff of NASA’s renowned Jet Propulsion Laboratory and was mainly owned by institutional investors. The parties agreed not to disclose the purchase price.
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 George Balogh. Today, the company shows a strong market presence in the United States. Endress+Hauser will expand sales and service of the gas analyzers to additional countries. SpectraSensors' product portfolio is also set to grow.
SpectraSensors Inc with headquarters in Houston, Texas, USA, is a leading manufacturer of optical gas analyzers for the process engineering industry. The company uses lasers and optics in products to analyze gas quality, measure humidity and monitor air quality. The devices are used in natural gas pipelines and plants, petrochemical refineries and chemical plants. They measure humidity (H2O), carbon dioxide (CO2), hydrogen sulfide (H2S), oxygen (O2), the hydrocarbon dew point and other parameters.
For further information, please visit www.spectrasensors.com
The Endress+Hauser Group
Endress+Hauser is a global leader in measurement instrumentation, services and solutions for industrial process engineering. In 2011, the Group generated with around 9,500 employees worldwide net sales of 1.5 billion euros.
Company-owned sales centers and a network of partners guarantee competent worldwide support. Production centers in eleven countries meet customers’ needs and requirements quickly and effectively. The Group is managed and coordinated by a holding company in Reinach, Switzerland. As a successful family-owned business, Endress+Hauser is set for continued independence and self-reliance in the future.
Endress+Hauser provides sensors, instruments, systems and services for level, flow, pressure and temperature measurement as well as analytics and data acquisition. The company supports customers with solutions and services in automation engineering, logistics and information technology. Our products set standards in quality and technology.
Customers are primarily from the chemical/petrochemical, food & beverage, oil & gas, water/wastewater, power & energy, life science, primaries & metal, renewable energies, pulp & paper and shipbuilding industries. Endress+Hauser supports its customers to optimize their process engineering procedures while taking into consideration reliability, safety, economic efficiency and environmental protection.
Founded in 1953 by Georg H Endress (1924 – 2008) and Ludwig Hauser (1895 – 1975), Endress+Hauser has been solely owned by the Endress family since 1975. The Group, headed by Klaus Endress since 1995, has developed from being a specialist in level measurement to a provider of complete solutions for industrial measuring technology and automation, with constant expansion into new territories and markets.