MULHEIM-Ruhr, Germany, & CLEARWATER, FL, April 28, 2008 -- Sensidyne, LP a Florida limited partnership and member of the Schauenburg Group has reached an agreement to acquire the assets of Sensidyne Inc., a leading manufacturer of industrial health and safety instrumentation. The agreement transfers ownership of the assets of Sensidyne Inc. from Siegel-Robert Inc. to the Schauenburg Group. The terms of the transaction were not disclosed. All Sensidyne Inc. employees have joined Sensidyne, LP.
This acquisition is a strategic addition for the Schauenburg Group in an effort to expand their footprint in the Americas and open doors into new markets. The substantial synergies that exist between the businesses and their product portfolios will be of great benefit to customers of both companies as well as their sales channel partners.
"The acquisition by Schauenburg will support Sensidyne's long-term vision of becoming a key player in the highly competitive industrial safety instrumentation market world-wide. Schauenburg shares our vision and we are convinced that this is a great opportunity for Sensidyne to reach our full potential," said Howard Mills, President of Sensidyne. "The combined expertise and knowledge of these organizations create exciting long-term growth opportunities for Sensidyne, our customers, and our employees."
"The Schauenburg Group is committed to maintaining the operations integrity of Sensidyne in Clearwater and preserving the employee team. Their dedication to quality and innovation will assist us as we continue to provide high-quality, dependable products," said Glenn Warr, Vice President, Sensidyne.
Headquartered in Mülheim-Ruhr, Germany, the Schauenburg Group is a family-owned international group of companies that specialize in safety instrumentation, communication technologies electronics, plastic processing, machining and equipment, and engineering products.
Based in Clearwater, Florida U.S.A., Sensidyne is a supplier of health and safety instrumentation in a multitude of air monitoring applications worldwide.
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