Rüeger joins a worldwide group
26 April 2019
The Rüeger group is a Swiss company managed by our family for 77 years, ranking among the leading manufacturers of high precision temperature and pressure measuring instruments and enjoying international recognition. Based in Lausanne since 1942, it found the ideal conditions in Switzerland to develop its activity, before expanding into Europe and then Asia. You have been working towards the development of the industrial sector and have thus contributed to the growth of our group. We should like to thanks you for this.
For some time, we have been considering the alternatives, which would enable us to reinforce our activities in a complex market, which demands a strong presence, as we wish to assure the company’s future and protect its employment situation in an extremely competitive environment. The most attractive solution has emerged in the form of a takeover proposal by Ashcroft, a wholly owned affiliate of Nagano Keiki Co. Ltd.Ashcroft is a recognised global industrial organisation, with whom we have collaborated over many years. It markets a range of instruments that complement ours and its investment capacity will broaden our innovation perspectives. In addition, its established distribution in other markets, notably on the American continent, will facilitate new developments. We are therefore confident that the Rüeger brand will continue to grow within the Ashcroft group, thanks to the new synergies.
A takeover agreement has been signed and the transaction will take effect on Tuesday 30 April 2019. From Wednesday 1 May, we are stepping down from our management positions and handing over to the new management. However, we shall remain available to the company as consultants for the coming twelve months, to ensure a successful transition.