Sensitech Completes Acquisition of Berlinger & Co. Monitoring Solutions Expanding Life Sciences Cold Chain Solutions

Rhea-AI Summary

Carrier Global 's Sensitech business has completed the acquisition of Berlinger & Co. AG's Monitoring Solutions business. This strategic move expands Sensitech's cold chain monitoring portfolio in the pharmaceutical and life sciences industry. Key points:

- Berlinger specializes in monitoring temperature-sensitive goods
- Acquisition adds innovative solutions, including real-time monitoring and analytics
- Expands Sensitech's market reach into stationary monitoring and global health
- Approximately 85 employees from Berlinger join Sensitech
- Berlinger operates in Switzerland, the Netherlands, and the United States

This acquisition aims to create more comprehensive and differentiated cold chain monitoring solutions, enhancing Sensitech's capabilities in supply chain visibility.

Positive

• Expansion of Sensitech's cold chain monitoring portfolio with innovative solutions
• Addition of real-time monitoring, value-added software, and analytics capabilities
• Broadening of addressable market into stationary monitoring and global health segments
• Acquisition of approximately 85 employees, potentially enhancing expertise and capacity
• Increased presence in key markets (Switzerland, the Netherlands, and the United States)

Negative

• None.

BEVERLY, Mass., Aug. 2, 2024 /PRNewswire/ -- Carrier Global Corporation, on behalf of its Sensitech business, a world leader in supply chain visibility, has completed its acquisition of the Monitoring Solutions business of Berlinger & Co. AG, a Swiss family-owned company that specializes in innovative and customized solutions for monitoring temperature-sensitive goods in the pharmaceutical and life science, clinical trial and global health segments. Sensitech is part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions.

"This successful acquisition marks a strategic milestone for Sensitech, creating comprehensive and differentiated cold chain monitoring and visibility solutions for the pharma and life sciences industry," said Bhasker Kaushal, Vice President & General Manager, Sensitech and Refrigeration Aftermarket. "We are excited to welcome the Berlinger team as our new colleagues and look forward to bringing together the best of Berlinger and Sensitech to enable our customers' cold chains to become more connected, automated, intelligent and sustainable."

Berlinger expands Sensitech's end-to-end cold chain monitoring portfolio with a suite of innovative solutions, including high-quality proprietary conventional and real-time monitoring, value-added software and analytics capabilities. Additionally, it broadens Sensitech's addressable market reach into adjacent segments of stationary monitoring and global health.

The Monitoring Solutions business of Berlinger includes approximately 85 employees operating in Switzerland, the Netherlands and the United States.

Lenz & Staehelin provided external legal counsel in this transaction.

About Sensitech
Sensitech^® is a world leader in supply chain visibility. Our innovative monitoring products and services help to maintain the quality and integrity of our customers' valuable products at every step in their journey, all around the world. For 30 years, leading companies in the food, pharmaceutical, industrial, consumer goods, and other industries have relied on Sensitech to help protect their products. Sensitech is a part of Carrier Global Corporation, global leader in intelligent climate and energy solutions that matter for people and our planet for generations to come. For more information, visit Sensitech.com or follow Sensitech on Facebook at Sensitech Inc., on X @Sensitech and LinkedIn at Sensitech.

Contact:	Amanda Sech
	561-365-2879
	Amanda.Sech@Carrier.com

 

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SOURCE Sensitech Inc.

FAQ

What company did Sensitech acquire and when?

Sensitech, a part of Carrier Global (NYSE: CARR), completed the acquisition of Berlinger & Co. AG's Monitoring Solutions business on August 2, 2024.

How does the Berlinger acquisition benefit Sensitech's business?

The acquisition expands Sensitech's cold chain monitoring portfolio with innovative solutions, including real-time monitoring and analytics capabilities. It also broadens Sensitech's market reach into stationary monitoring and global health segments.

How many employees are joining Sensitech from Berlinger?

Approximately 85 employees from Berlinger's Monitoring Solutions business are joining Sensitech, operating in Switzerland, the Netherlands, and the United States.

What industries does Sensitech serve with its cold chain monitoring solutions?

Sensitech serves various industries including food, pharmaceutical, industrial, and consumer goods, helping to maintain the quality and integrity of products throughout their supply chain journey.