STRATFORD, Conn.–(BUSINESS WIRE)–Ashcroft Inc. (Ashcroft) announced the planned acquisition of
Swiss-based Rüeger Holdings SA (Rüeger) and Dutch-based STIKO
Meetapparatenfabriek B.V. (Stiko), both manufacturers of specialty
temperature and pressure measurement products. The transaction is
expected to close in the coming days.
Rüeger is a recognized leader in highly engineered temperature and
pressure measurement products, with locations in Switzerland, Germany,
China and Malaysia. Rüeger’s high reliability measurement solutions
include a comprehensive array of mechanical and electronic measurement
instruments. Rüeger’s innovation has spanned over 75 years leading to
the development of multi-point temperature sensors for critical Refining
and Petrochemical reactor applications, and proprietary technology for
extremely high accuracy temperature sensing up to 1050°C.
Stiko is a specialized manufacturer of temperature and pressure
measurement instruments as well as laboratory calibration products based
in Roden, Netherlands. Founded over 50 years ago, Stiko’s customized
products are tailored for safety critical applications in the Subsea,
Oil/Gas, Marine, Pharmaceutical and Food/Beverage markets.
Steven A. Culmone, President and CEO of Ashcroft stated, “I am excited
to announce the acquisition of Rüeger and Stiko by Ashcroft Inc.,
leveraging the power of strong global brands and adding an impressive
portfolio of highly engineered products and solutions. This will enhance
our value to worldwide customers and will accelerate our penetration
into our served markets.
Ashcroft’s focus on protection of our customers’ people, processes and
profits will be reinforced with this merger and allow for aggressive
execution of global growth.
This is a very exciting opportunity for the company, for our employees,
our partners and customers. Our greatest assets have always been our
people, and by this acquisition we will continue to strengthen the
quality of that asset.”
Bernard Rüeger, Chairman of Rüeger Holdings SA stated, “We are very
confident that the Rüeger brand will continue to grow successfully
within Ashcroft, thanks to new market synergies around the world and the
complementary nature of our respective products.”
Ashcroft was founded over 165 years ago with a mission to protect our
customers with a brand recognized for reliability and innovation in the
fields of pressure and temperature measurement. Ashcroft maintains
operations in the United States, Mexico, Brazil, Germany, China and
Singapore along with over 235 channel partners in 55 countries
supporting our customers around the world. Ashcroft is headquartered in
Stratford, CT, USA and is a subsidiary of Nagano Keiki Co., Ltd. based
in Tokyo, Japan.
ABOUT RÜEGER & STIKO
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