E+H in Finland

In the future Endress+Hauser Oy will be the exclusive provider of Endress+Hauser field devices and related solutions and services in the Finnish market. The new company started operations as of 1 July 2015 and will resume all the previous business responsibilities of the Metso Endress+Hauser joint venture company, which include maintaining the longstanding customer relationships with companies in the Finnish process industries.

Along with these changes the company will further concentrate on its core competences according to the E+H corporate strategy. Endress+Hauser already serves customers in six locations in Finland, and the plan is to further expand and develop local expertise around the country. This will be achieved by effectively utilizing the parent company’s global operating models, broad industrial knowledge and efficient logistics.

Benefiting from local expertise and the global parent company’s operating model

“By combining our parent company’s efficient operating models and high-quality products, with our existing local expertise and knowledge, we can be a truly reliable and competitive partner for our customers,” Tuomo Saukkonen, Managing Director of Endress+Hauser Oy, said. “Additionally we see that Endress+Hauser’s highly developed Plant Asset Management offering will serve as a basis for our operations, enabling cost-efficient field device management and e-commerce.”

Endress+Hauser has successfully grown its business worldwide and now wants to place further emphasis on better serving Finnish industries. The new company aims to further increase market share in Finland by bringing out new products, services and solutions to address the needs of process industries.

Background from the INSIDER Newsletter

The February Industrial Automation INSIDER Newsletter reported on the E+H 2014 results and their business plans as follows:

Endress+Hauser Group results for 2014 showed a net sales increase of 11%, to a total just over Euro2Bn ($2.3Bn). These figures consolidated those for Analytik Jena and Kaiser Optical Systems for the first time – the organic growth in net sales was just under 6%. Operating profit and net income also improved compared to the previous year, and despite problems with the value of the Rouble affecting the results at Analytik Jena, other developments in foreign exchange rates created a slight tailwind, in contrast to the year before. CFO Luc Schultheiss commented that the current strength of the Swiss Franc does pose some challenges, for the Swiss manufacturing operation, but most production is based in the Eurozone or US Dollar areas.

In Finland, the joint venture sales and service company run in co-operation with Metso is to revert to Metso ownership: E+H will establish their own exclusive representation in Finland, through a wholly owned subsidiary. A similar JV arrangement in Switzerland will be transferred to become wholly owned by E+H.

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