Ashcroft Inc., headquartered in Stratford, CT, USA, a subsidiary of Tokyo Stock Exchange listed Nagano Keiki Co., Ltd, has announced the completion of the acquisition of Swiss-based Rüeger Holding SA (Rüeger) and Dutch-based STIKO Meetapparentenfabriek B.V. (Stiko), both manufacturers of specialty temperature and pressure measurement products, from their previous owners, Bernard and Jean-Marc Rüeger.

Rüeger, a recognised leader in its field, is headquartered in Crissier, Switzerland, with locations in Germany, China and Malaysia. Stiko is based in the Netherlands.

Bär & Karrer acted as Swiss legal adviser to Ashcroft in this transaction. The team included Martin Anderson, Diana Bellido Gomes, Nina Sauerwein, Arnaud Philippe (all M&A), Charles Gschwind (Real Estate), Christoph Suter (Tax) and Jonas Bornhauser (IP/IT). Holland & Knight acted as U.S. transaction counsel to Ashcroft.