/24-7PressRelease/ - MULHEIM-RUHR, GERMANY / CLEARWATER, FL, April 30, 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.
About Schauenburg Group
Headquartered in Mülheim-Ruhr, Germany with more than 40 subsidiaries worldwide, 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. The name is well known throughout a broad spectrum of industries worldwide. Schauenburg has also made significant progress in becoming a recognized and trusted supplier of electronic instrumentation for gas detection applications in the mining and tunneling sectors as Schauenburg Electronic Technologies, GmbH (SET). In addition, Schauenburg's most recent venture into the supply and support of satellite communications equipment has proven to be very successful as Stratosat Datacom (Pty) Ltd and Astrosat Datacom (Pty) Ltd.
About Sensidyne, LP
Based in Clearwater, Florida U.S.A., Sensidyne is a renowned and respected supplier of health and safety instrumentation in a multitude of air monitoring applications worldwide. Sensidyne's core competencies are in product development, manufacturing and supply of gas detection and air monitoring instrumentation. Brands include Gilian and BDX air sampling pumps, SensAlert fixed point gas detectors, Sensidyne/Kitagawa gas detector tubes, Sensidyne micro air pumps and Sensidyne/Ventrex toxic and oxygen gas sensors.
Press Contact
Joshua I. Walters
Marketing Coordinator
Sensidyne, LP
800-451-9444 / 727-530-3602 x 680
jwalters@Sensidyne.com
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