The SICK Group Acquires Stegmann |

The SICK Group Acquires Stegmann

Waldkirch/Donaueschingen, Germany – SICK AG, the leading manufacturer of industrial sensors, safety systems and automatic identification solutions for factory automation and products for process analysis and environmental measurement, is acquiring Max Stegmann GmbH, a leading manufacturer of shaft encoders and actuators for automation technology, effective October 1, 2002.

With this acquisition SICK AG has completed its product portfolio in the area of factory automation and in a stroke achieved a significant market position in the area of shaft encoders. In addition to optical, inductive, magnetic and capacitive sensors, customers can now also obtain rotary sensors (shaft encoders) from SICK. The main consumer sectors – both for SICK's main areas of business and for the rotary sensors – are the packaging machine industry, handling technology and robotics, the automotive industry, storage and conveyor technology, the electronics and semiconductor industries, and printing and paper industry. As a result of this acquisition, SICK also gains access to the growth market of drive technology.

In the USA, SICK, Inc., North American subsidiary of SICK AG, and Stegmann, Inc., North American subsidiary of Max Stegmann GmbH, will continue to operate independently. However, relationships between the two companies will be formed, taking advantage of any synergies that benefit mutual customers.

“In working with Stegmann in the course of this transaction, we have been impressed by the quality of their products, technologies and people,” Mr. Bertomeu said, President of SICK, Inc. “Our goal for the future is to explore ways to work more closely with Stegmann in mutually beneficial areas.”

Franz Hoffmann, President of Stegmann, Inc. added: “Combining SICK’s leadership position with Stegmann’s encoder expertise enables teams in both organizations to pursue opportunities, which have not previously been accessible for either one. I am convinced this will result in more value for our customers and our companies, and present exciting prospects to our people.”

About the companies:
Max Stegmann GmbH has approx. 600 employees worldwide. Of these, about 200 are located in foreign subsidiaries in the USA, Poland, France, Italy, Great Britain and the Netherlands. Group turnover was €52 Million in 2001.

SICK AG – the leading producer of sensor systems, with more than 50 years of experience– achieved a Group turnover of €386 Million in 2001 with its Industrial Sensors, Safety Systems, Auto Ident and Environmental and Process Analysis Divisions. The company now has more than 3000 employees in 23 countries. SICK, Inc., the North American subsidiary, is headquartered in Minneapolis, MN. Additional information is available at or by calling 1-800-325-SICK (7425).
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