An affiliate of Hach Company, Ott Hydromet GmbH, will acquire G. LUFFT MESS – UND REGELTECHNIK GMBH, in a share purchase agreement. The acquisition will take place following regulatory clearance.
Lufft will become a part of Hach Environmental, a group of companies including Ott Hydromet, Sutron Corporation and Sea-Bird Scientific, that serves customers with high quality, reliable instruments focused on environmental monitoring solutions for natural resource and oceanographic applications.
The addition of Lufft to the group is expected to provide core technologies in a wide range of meteorological, precipitation and cloud height sensors and instruments that have high accuracy and low maintenance requirements.
“Lufft management believes that it was the right time to become part of a group of excellent companies in a global network,” Lufft’s Chief Executive Officer, Klaus Hirzel, said. “This will make Lufft even stronger and will give us a real global reach. The environmental community worldwide is looking for sustainable solutions which require excellent sensing technologies.”
Being part of Hach Environmental offers Lufft the long-term ownership structure it needed to provide the best benefits to our customers, employees and shareholders, Hirzel said.
“We are pleased to have Lufft join the Hach Environmental group of companies,” said Glenn Cruger, President of Hach Environmental. “Lufft has a solid reputation as the leading innovator in meteorology sensors and solutions. Lufft’s best – in – class products are a great fit with our other leading brands.”