Life science equipment supplier Sartorius has completed the acquisition of selected life science businesses from Danaher Corporation. The prepared integration of the acquired businesses into the two divisions of the Group is now to begin immediately, despite the special conditions during the pandemic crisis.
“The acquisition of this portfolio is a further milestone for Sartorius,” said Sartorius CEO Dr. Joachim Kreuzburg. “We have acquired businesses that are an excellent strategic and operational fit for both divisions. We are pleased to welcome some 300 new Sartorius employees. Together we will become even more relevant to our biopharma and life science customers,” he concluded.
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The acquisition will allow Sartorius to further extend its development
Sartorius paid a purchase price of $825 million for the acquisition. The transaction was completed on April 30th, 2020, after the necessary antitrust approvals had been received.
The integration of the acquired businesses into the two divisions of the Group has been prepared since the purchase agreement was signed on October 19th, 2019. It can now be started immediately after completion of the deal, despite the special conditions during the pandemic crisis, the company announced.
The acquired businesses, which generated sales revenue of approximately $170 million in 2019, comprise various laboratory and bioprocess technologies that complement the positioning of both Sartorius divisions.
The broadened portfolio is designed to support customers even more comprehensively in the development of biotech drugs and vaccines and in the safe and efficient production of such drugs. The supplier is thus expanding its market positions in the field of bioanalytics and in key areas of biotech drug production.
Growth for both divisions of Sartorius
Fortébio’s label-free analysis of biomolecules business includes innovative devices for protein analysis, biosensors and reagents used in drug discovery and integrated into the bioanalytics business within the Lab Products & Services division. The products are based on patented biolayer interferometry technology and perform real-time analysis of various biomolecular interactions. The company employs around 200 people worldwide with production facilities in Fremont, California, USA, and Shanghai, China, and accounts for slightly less than half of the sales of the acquired portfolio.
With the chromatography systems and gels also acquired, Sartorius is expanding the portfolio of its Bioprocess Solutions Division in the downstream processing area. The business addresses a key step in the purification of biopharmaceuticals and comprises both reusable and disposable technologies, columns and gels.
The downstream processing position is further strengthened by selected product groups in the areas of stainless steel hollow fiber and disposable crossflow filter systems and flow kits. Also assigned to the Bioprocess Solutions division is the Solohill business unit, which comprises a microcarrier technology and particle validation standards for cell culture processes and other bioprocesses. The various units employ a total of around 100 people at their sites in Portsmouth, UK, Cergy, France, Ann Arbor, Michigan, USA, and Hopkinton, Massachusetts, USA.
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First published in Pharma+Food, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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