Endress+Hauser has acquired additional shares in German-based Analytik Jena AG and exceeded the reportable threshold of 50% of the voting rights. The Group now owns 50.37% of the shares.
Endress+Hauser (Deutschland) AG+Co. KG acquired on and off the stock exchange additional shares in Analytik Jena, increasing the total directly attributedto 50.37%. Another 0.41% – own shares of Analytik Jena AG – are indirectly attributed to Endress+Hauser.
According to an option contract with company founder Klaus Berka and German investment company bm-t, Endress+Hauser has the right to acquire an additional 27.56% of shares in Analytik Jena after 1 October 2014.
"We plan to acquire more shares in future. Our aim is to takeover Analytik Jena completely," said Dr Heiner Zehntner, Endress+Hauser’s Corporate Legal Counsel. Under the banner of the Endress+Hauser Group, specialized in measurement engineering for process industry, Analytik Jena will remain an independent business unit, active in analytical instrumentation and the life science industry, with its own manufacturing and sales structure.