Endress+Hauser Takes Stake in Sensor Company

Finesse Solutions CEO Barbara A. Paldus told IBO that Endress+Hauser will increase the company’s capabilities in terms of local support, sales channels and manufacturing. The deal expands Endress+Hauser’s exposure to the growing biologics-manufacturing market.

San Jose, CA 10/19/11—Measurement instrument firm Endress+Hauser has acquired a stake in Finesse Solutions, a developer and producer of sensors, hardware and software for bioprocess engineering. Skymoon Ventures, the previous majority shareholder, will hold an equal stake to Endress+Hauser and the company’s staff of about 50 will maintain their ownership stake. “Biotechnological procedures will play an increasingly important role in the future, not only in the life sciences industry but also in other industries such as the chemical industry to manufacture products in a more environmentally friendly and economical fashion,” commented Endress+Hauser Group CEO Klaus Endress. Endress+Hauser has also elected two members to Finesse Solution’s Board.

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