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KROHNE rounds out product portfolio and acquires INOR Duisburg, Malmo,
January 18th, 2006
KROHNE has acquired 100 percent ownership of the Swedish company INOR Process AB, thereby adding temperature measuring instruments for the process industry to its product portfolio. INOR has 56 employees and generates sales of 7.2 million Euros. The company is a technology leader in the field of temperature measurement.
It is number one in Scandinavia and has a broad market presence around the world. KROHNE will maintain the business philosophy of the prior owners of the private company and, above all, will continue to service its customers and partners in the same way as before. The parties have agreed not to disclose the purchase price. On January 18th, the day of the INOR takeover, Michael Dubbick, managing director of KROHNE said, "INOR will be another strong partner in the KROHNE Group. We will now be able to offer our customers a complete family of temperature measuring instruments."
For Felix Brakl, managing director of INOR, the sale of his company to KROHNE means that it will continue to be in business for a long time, and that its location and jobs have been secured. ?KROHNE is an ideal partner. Not only will we continue to be in business, but we will also be able to grow faster.?
The takeover will result in numerous synergies, both for KROHNE and INOR, which above all will benefit the companies' customers. KROHNE will continue to actively foster INOR's long-term customer relationships and partnerships. Felix Brakl will continue to manage INOR's business to maximize continuity.
About INOR
INOR Process AB (Malmö) specializes in the development, production and sale of temperature transmitters. They are sold through a wide worldwide network of OEM resellers. The company sells its complete line of temperature measuring instruments directly in the Scandinavian market. INOR, inventor of the headmounted transmitter, is a leading manufacturer of innovative temperature transmitters. The private company has 56 employees. It was founded in 1940 by Alfred Brakl and generates 7.2 million Euros in sales.
About KROHNE
KROHNE is a global leader in design, development and manufacturing of innovative and reliable process instrumentation; providing measurement solutions to all industries worldwide.
Founded in 1921 in Duisburg, Germany, KROHNE now employs 2,285 people worldwide, generating total sales of ? 227 million in 14 production facilities and 39 KROHNE-owned companies and joint ventures.
Information: KROHNE Messtechnik GmbH & Co. KG, Thomas Zimmerling,
E-mail: TZimmerling@krohne.de
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