German automation company Pepperl + Fuchs GmbH and Labkotec Oy, a leading provider of measurement solutions, have signed an business sales agreement.
Labkotec takes over business from Pepperl + Fuchs the Separator Alarm Systems business unit. At the same time, the companies have agreed a two year co-operation agreement in order to provide devices and solutions for the market. Former rivals now work in cooperation.
The acquisition provides Labkotec a market leading position in Europe and strengthen the company's position as a major player globally. In connection with the transfer of business former P+F’s employees will transfer into Labkotec GmbH, a company that is Labkotec owned subsidiary in Flensburg, Germany.
Measure your success with Labkotec
Labkotec Oy is a leading Finnish manufacturer and supplier of electronic measuring technology. Labkotec’s expertise is regularly relied upon by both industrial enterprises and municipal utility companies. Labkotec was founded more than 50 years ago as a sub-division of Labko Oy, specialising in measuring technology. Labkotec Oy has been operating as an independent limited company since August 2007, as part of the international Indutrade Group.
CEO Ari Tolonen, +358 29 006 6016, firstname.lastname@example.org