E+H Announces Acquisition of Pepperl+Fuchs' Stake in Joint Venture Company

"We are pleased to have full control over CodeWrights. At the same time, we would like to thank Pepperl+Fuchs for their constructive cooperation over the past 20 years," said Dr. Rolf Birkhofer, Managing Director of Endress+Hauser Digital Solutions (the Group's Industrial Internet of Things (IIoT) product center). "We firmly believe in the professionalism of the team and the advantages of its business model. We look forward to jointly driving further growth and success."

Pepperl+Fuchs is a world-leading enterprise in the production of electronic sensing and components in the field of industrial automation, founded in 1945. The company focuses on providing innovative solutions for the industrial automation field, with products covering sensors, interface technology, explosion-proof equipment, and other fields. With its excellent quality, advanced technology, and rich industry experience, Pepperl+Fuchs' products and solutions are widely used in many industries such as petrochemicals, electric power, metallurgy, and automobile manufacturing, winning a good reputation worldwide.

"Looking back on the successful cooperation built on mutual trust and respect over the decades, we sincerely express our gratitude. We believe that with Endress+Hauser as the sole owner, CodeWrights will be in an ideal position to advance its strategic development and fully realize its potential," said Lutz Liebers, Chief Operating Officer of Pepperl+Fuchs Process Automation.

Endress+Hauser's acquisition of full ownership of CodeWrights is not only a new starting point for the more than 20-year cooperation between the two parties but also demonstrates Endress+Hauser's determination to deepen its layout in the field of industrial Internet of Things and digital transformation. Relying on CodeWrights' professional team and technical accumulation, combined with Endress+Hauser's global resources and industry influence, this integration will not only bring more efficient collaborative development momentum to both parties but also is expected to continuously output higher-quality and more innovative software solutions for customers in the field of measurement and automation technology, helping the industry achieve higher-quality development in the wave of digitalization.