Sartorius AG, a leading international process and laboratory technology provider has signed an agreement to acquire the entire liquid handling business of Helsinki-based Biohit Oyj for EUR 68 million. Biohit is a biotechnology company that develops, manufactures and markets liquid handling products such as pipettes and pipette tips, as well as diagnostic tests and analysis systems. Its products are used by research, health care and industrial laboratories worldwide and sold by approximately 200 distributors in 70 countries.
According to Sartorius AG, Biohit's liquid handling business represents an ideal fit with Sartorius' Laboratory Instruments portfolio which includes precision lab balances, laboratory water purification systems and moisture analyzers, among other products. By expanding its product offering, Sartorius AG will be enhancing its position with end customers and distributors, and expects significant growth through the combination and extension of its sales activities.
The transaction is expected to close in December 2011 subject to clearance by antitrust authorities and the approval by the General Meeting of Biohit Oyj. Subject to the transaction are all assets of the liquid handling segment of Biohit, including its production facilities in Finland and China, as well as sales subsidiaries in several countries.
Sources: Sartorius AG, Biohit Oyj