Product category:
Conventional Industrial Liquid flowmeters
News Release from: Siemens Automation and Drives
Edited by the Processingtalk Editorial
Team on 15 May 2003
Siemens acquires Danfoss flowmetering
The Flow Division of Danfoss at Nordborg will become Siemens Competence Centre for flow meter technology, as Siemens continues its activities for international expansion in process automation
Siemens Automation and Drives (A and D) and Danfoss A/S, Nordborg, Denmark, have signed an agreement on May 12, 2003 about the acquisition of the Flow Division of Danfoss by Siemens Automation and Drives According to Anton S Huber, member of the A and D Group Executive Management, the greatest potential for growth for A and D lies in process automation
This article was originally published on Processingtalk on 10 Apr 2006 at 8.00am (UK)
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Around a quarter of the current requirement for process instrumentation involves flowmeters: "With the acquisition of the Danfoss Flow Division, we consistently continue to expand our process automation sector.
The Danfoss flowmeters perfectly complement our process instrumentation and close an important product and technology gap in our portfolio.
We are also considerably improving our market access to important customers and regions.
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The enhanced product portfolio improves our competitive position considerably and we will become an even more attractive partner for our customers".
Jorgen M Clausen, President and CEO of Danfoss, comments: "This step is intended to place the innovative Danfoss flow measurement technology in a leading market position and will allow Danfoss to concentrate on its core businesses in the future".
The Danfoss Flow Division, a leading manufacturer of electronic flow measurement devices for liquids and gases, achieved annual sales of around 60 million euros in 2002, employs 450 people and has a worldwide sales organisation as well as two manufacturing sites - at the company headquarters in Nordborg, and in Stonehouse, UK.
The product portfolio comprises products involving flow-measuring systems with magnetic-inductive, Coriolis and ultrasound measurement features.
The agreement is designed to combine the flow activities of Siemens and the Danfoss Flow Division into a new A and D business unit, Siemens Flow Instruments, with its headquarters in Nordborg, which will be responsible worldwide for development, production and marketing.
"Our Flow Division has achieved good results in the last few years with its magnetic, Coriolis and ultrasound products and has grown considerably," says Clausen.
According to Clausen, customers are tending towards the direction of single source; they want to purchase their entire field instrumentation from a single supplier.
He sees better opportunities for the Danfoss Flow Division with a complete systems provider such as Siemens.
"I am convinced that Siemens will further improve our flow business, will make jobs even more secure and open up new career prospects for our employees," he adds.
According to Huber, Siemens needs a wide range of field devices in order to be able to offer its customers optimum solutions: "Field devices are becoming more and more powerful due to integrated processors and they communicate via digital field buses with the control system.
Process systems are thus further optimised, their efficiency is increased and maintenance costs are lowered.
Field devices are an important element of our Totally Integrated Automation strategy.
We can provide our customers with automation solutions comprising optimally tuned products and components from a single source".
With the objective of reinforcing the Siemens process automation activities, Siemens A and D acquired the most experienced gas chromatograph manufacturer, Applied Automation (USA), in mid-1999, and then parts of the flowmeter technology supplier Turbo-Werk Messetechnik of Cologne in late 1999.
At the beginning of 2000, what is now Siemens Milltronics Process Instruments (Canada) was acquired, and is established as the market leader in ultrasonic level measurement technology.
The purchase of what is now Siemens Moore Process Automation (USA) in 2000, with its process measurement equipment and control system solutions, also enhanced the North American presence.
By acquiring majority shares in Axiva at the end of 2000, A and D strengthened its know-how in the chemical and pharmaceutical process industry sectors.
At the beginning of 2001, the Swedish company AltOptronic was acquired, which is a leading supplier of laser spectrometry products.
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