Joint Growth Prospects - SICK sets up a joint venture with Belgian system integrator
SICK Engineering GmbH has created a joint venture with GGS Oil and Gas Systems bvba (GGS), a Belgian system integrator, in order to engineer, fabricate and market complex system solutions for gas flow measurement with effect from June 1, 2013. The new company, SICK Metering Systems NV, located in Kalmthout, Belgium, is a 50:50 joint venture.
SICK Metering Systems will focus on high-end integrated metering solutions for ultrasonic gas measurement stations. These turn-key stations include, in addition to complete metering systems, filtration and pressure reducing stations, heating installations, ultrasonic flow meters, gas quality analyzers as well as interfaces like evaluation and monitoring software. By forming this partnership, SICK Engineering GmbH has combined its product expertise in the area of ultrasonic gas flow measurement technology with the systems know-how and service network of GGS, set up in 2006 as a company specializing in gas and fluid measurement systems.
“The joint venture with GGS, a well-established system supplier in the oil and gas sector, provides us with the opportunity to jointly tap major growth markets, which would have remained closed to us without the comprehensive systems know-how,” explains Reiner Bengel, general manager of SICK Engineering GmbH. Together with GGS’s managing director, Peter Himschoot, he will be responsible for the management of SICK Metering Systems. “Among the most important target markets are large-scale projects with international oil and gas companies,” Bengel adds.
SICK Engineering GmbH, located in Ottendorf-Okrilla near Dresden, specializes in gas flow measurement technology. The company is a subsidiary of SICK AG, which is one of the world’s leading producers of sensors and sensor solutions for industrial applications. SICK AG, founded in 1946 and headquartered in Waldkirch im Breisgau, employs over 6,300 employees worldwide. In 2012, the SICK Group achieved sales of EUR 971.3 million. For more information on SICK, please visit http://www.sick.com or call +49 7681 202-5747.