Huggenberger: a new Jewel in our crown
SISGEO Srl is proud to announce the acquisition of HUGGENBERGER AG, an independent Swiss company specialised in the development and production of high-precision, physical measuring equipment.
[ Sunday, 25 March 2018 ]
Founded in 1900, it is the oldest company within our industry. Headquartered in Horgen, on the Lake of Zurich, the Company is worldwide well known as a specialist for the monitoring of concrete dams and leader in tele-pendulums. Since then, over 450 civil engineering works were equipped with HUGGENBERGER measuring instruments.
End use applications for HUGGENBERGER’s products include critical structures such as hydroelectric power plants, dams, bridges, mines, tunnels and construction wells. HUGGENBERGER manufactures “Swiss Quality” instruments, built on experience, comprehensive know-how and attention to details, making it as a competent partner for customised instrumentation solutions.
“We look forward to partnering with SISGEO, to spur our global presence and continue to widen the range of product solutions we deliver to our customers”, said Urs Marti, former CEO of HUGGENBERGER. “SISGEO with its experience in manufacturing and as a leader of an already vertically integrated group of companies, combines strong organizational support and commercial strength, which can assure long-term growth in accordance with the overall objectives of the Group”.
“HUGGENBERGER AG is a best in class player in the concrete dam monitoring niche. A jewel of its kind. It has a highly specialized team with an excellent record of accomplishments, together with a strong tradition and reputation in an industry where high performances are required. We are excited to partner with HUGGENBERGER, and to set the ground for further expansion of our business as a global provider of geotechnical instrumentation”, said Romano Lamperti, CEO at SISGEO.
PwC (PricewaterhouseCoopers) with a team led by Lukas Bühlmann acted as legal and tax advisor together with PwC TLS Avvocati e Commercialisti, whilst PwC Financial Services Deals followed the financial due diligence.
For the transaction SISGEO has been supported by financing from the Italian Bank Intesa Sanpaolo.