BEVERLY,
Mass., June 19, 2024 /PRNewswire/ --
Carrier Global Corporation, on behalf of its Sensitech business, a
world leader in supply chain visibility, has entered into a
definitive agreement to acquire 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.
"The acquisition of Berlinger's monitoring business is an
exciting opportunity for Sensitech to expand our portfolio of
monitoring solutions for pharma supply chains and accelerate growth
in strategically important adjacencies," said Bhasker Kaushal, Vice President & General
Manager, Sensitech and Refrigeration Aftermarket. "Digitization,
sustainability, and automation are transforming pharma supply
chains and driving adoption of real-time monitoring and cloud-based
solutions. Sensitech and Berlinger share a common vision and focus
on innovation, and through this combination we will deliver
comprehensive and differentiated monitoring solutions that deliver
patient safety, supply chain efficiency and sustainability outcomes
for our customers. We look forward to welcoming the Berlinger team
to Carrier and Sensitech."
Berlinger brings a suite of proprietary and high-quality
hardware and software solutions that broaden Sensitech's end-to-end
cold chain monitoring product portfolio. These include the
SmartSystem platform, which enables modular, real-time, end-to-end
monitoring via fully integrated, rechargeable temperature
monitoring devices and a cloud-based software platform; Fridge-tag
for vaccine fridges and refrigerated site-monitoring; and
proprietary software and analytics to automate the end-to-end
stability and validation process for clinical trials.
"We are absolutely convinced that Sensitech can
successfully further develop our Berlinger & Co. AG business
together with its skilled and dedicated employees," said
Andrea Berlinger, Chairwoman of the
Board of Directors of the Berlinger Group.
The Monitoring Solutions business of Berlinger includes
approximately 85 employees operating in Switzerland, the
Netherlands and the United
States.
The transaction is subject to customary closing conditions and
is expected to close in Q3 2024.
Lenz & Staehelin are providing 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
|
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561-365-2879
|
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Amanda.Sech@Carrier.com
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content:https://www.prnewswire.com/news-releases/sensitech-to-strengthen-life-sciences-cold-chain-solutions-with-acquisition-of-berlinger--co-monitoring-solutions-302176870.html
SOURCE Sensitech Inc.