Swiss-based Endress+Hauser, a leading supplier of industrial measurement and automation equipment, said it will be acquiring the entire process automation business of Colsein, the company’s sales and service partner in Bogotà, Columbia.

Colsein’s portfolio includes a wide range of services such as calibration, maintenance and engineering, in addition to its sales activities, said a statement from the company.

In order to increase Endress+Hauser’s market share and fortify its position in the country, Colsein’s process automation business will be transferred to a new Endress+Hauser sales subsidiary on January 1, 2016, it added.

Endress+Hauser said that it will continue to maintain its headquarters in the capital city of Bogotà, and Gabriel Navas, founder and managing director of Colsein, will stay on as a member of the board.

Michael Ziesemer, chief operating officer of the Endress+Hauser Group, said Columbia represents a market with great potential for further growth. – TradeArabia News Service