The Sick Group acquires Stegmann

Waldkirch/Donaueschingen, Germany - Sick AG, manufacturer of industrial sensors, safety systems and automatic identification solutions for factory automation and products for process analysis and environmental measurement, is acquiring Max Stegmann GmbH, a manufacturer of shaft encoders and actuators for automation technology, effective October 1, 2002.

10/02/2002


Waldkirch/Donaueschingen, Germany - Sick AG , manufacturer of industrial sensors, safety systems and automatic identification solutions for factory automation and products for process analysis and environmental measurement, is acquiring Max Stegmann GmbH, a manufacturer of shaft encoders and actuators for automation technology, effective October 1, 2002.

With this acquisition Sick AG states that it has completed its product portfolio in the area of factory automation and achieved a market position in the area of shaft encoders. In addition to optical, inductive, magnetic, and capacitive sensors, customers can now also obtain rotary sensors (shaft encoders) from the company. The main consumer sectors are the packaging machine industry, handling technology and robotics, the automotive industry, storage and conveyor technology, the electronics and semiconductor industries, and printing and paper industry. As a result of this acquisition, SICK also gains access to the growth market of drive technology.

In the U.S.A., Sick Inc. and Stegmann Inc. will continue to operate independently. However, relationships between the two companies will be formed, taking advantage of any synergies that benefit mutual customers.

'In working with Stegmann in the course of this transaction, we have been impressed by the quality of their products, technologies and people,' Mr. Bertomeu said, president of Sick Inc. 'Our goal for the future is to explore ways to work more closely with Stegmann in mutually beneficial areas.'

Franz Hoffmann, president of Stegmann Inc. added, 'Combining Sick's leadership position with Stegmann's encoder expertise enables teams in both organizations to pursue opportunities, which have not previously been accessible for either one. I am convinced this will result in more value for our customers and our companies, and present exciting prospects to our people.'


Control Engineering Daily News Desk
Gary A. Mintchell, senior editor
gmintchell@reedbusiness.com





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