Endress+Hauser completes the takeover of German analytical instrumentation provider Analytik Jena, according to the company. The remaining minority shares of Analytik Jena were legally transferred to Endress+Hauser on March 30. The process is finalized with the agreed-upon cash payout to the minority shareholders.
In the run-up to the completed takeover, majority shareholder Endress+Hauser owned all but 3.4% of the Analytik Jena shares, according to the company. An independent appraiser fixed the value of the company at 13.68 euros per share. Endress+Hauser gained control of publicly traded Analytik Jena AG in 2013. Analytik Jena employs nearly 1,000 people worldwide in its analytical instrumentation and life sciences businesses.
For more information, visit: www.endress.com