Rotronic, developer and manufacturer of humidity and temperature measurement solutions will be acquired by Process Sensing Technologies, a platform owned by global technology investment firm Battery Ventures effective July 2017
Rotronic Head Office Bassersdorf, Switzerland
Together Rotronic and Battery Ventures are laying the foundation for the strategic development of the business.
As part of Process Sensing Technologies (PST), Rotronic will join Battery’s portfolio of process measurement and analysis companies, and benefit from additional resources to enable it to grow and innovate in an increasingly competitive international market.
Rotronic will act as an independent company alongside fellow PST subsidiaries Michell Instruments and Analytical Industries.
In recent years, under the ownership of the Schroff family, Rotronic developed new products and oriented the company’s Measurement Solutions manufacturing division toward the international market.
Rotronic developed from a specialist in relative humidity to an international supplier of measurement solutions for temperature, CO2, differential pressure and flow.
In conjunction with the realignment, Rotronic has divested its Swiss-based trading division, which includes the UPS Solutions, Rack Systems, Power Supplies, and F&B solutions segments, to Secomp.
Michael Taraba CEO, who was responsible for the operations and management of Rotronic for 25 years, has left the company to focus on his role as CEO and member of the Board of Directors of the Secomp Group.
Hansruedi Merz, VP Finance and Andreas Gähwiler, Managing Director, will remain in management roles at Rotronic.
Andreas Gähwiler, who has been at the company for 17 years, has taken over the role of CEO of Rotronic from Michael Taraba. This will help to ensure continuity. Adam Markin, CEO at PST will also be part of the Rotronic executive team.