Endress+Hauser and Metso to restructure joint sales
Realignment relates to companies in Switzerland and Finland
The Endress+Hauser Group and Metso Automation Inc. are to restructure their sales and service activities in Switzerland and Finland with effect from 1 July 2015. Both groups of companies will demerge their mutual minority shareholdings in the respective entities and establish their own dedicated sales and service organizations to serve their customers.
Based on the strong market positions achieved over the past years in both the Swiss and Finnish marketplaces, Endress+Hauser and Metso undertake to continue to serve their customers with their own sales and service networks. Both sides have agreed to continue to cooperate closely with the aim of making the transfer of activities as easy and smooth as possible for their customers.
In Switzerland the minority shareholding of Metso Automation Inc. in Endress+Hauser Metso AG will be transferred to Endress+Hauser by 1 July 2015. The sales and service company will be renamed Endress+Hauser (Schweiz) AG and focus solely on Endress+Hauser’s offering for the process industry. Metso will continue to serve the Swiss market with its valve and pump offering.
Endress+Hauser’s sales and service activities in Finland will move into a new company with the name Endress+Hauser (Finland) Oy by 1 July 2015. This company will act as Endress+Hauser’s sole representation in the country. Metso will focus on sales and service of Metso’s flow control solutions to oil & gas, pulp & paper, mining and other process industries. The minority ownership of Endress+Hauser (International) Holding AG in the current Metso Endress+Hauser Oy will be transferred to Metso.
Based on its new strategy, communicated in 2014, Metso will continue its transformation to a more focused industrial company with three business areas — Minerals, Aggregates and Flow Control — serving customers in the mining, aggregates and oil & gas industries. Moreover, Metso will serve the pulp & paper, power and other process industries with its flow control solutions and services.