Sartorius acquires Biohit’s liquid handling business

International process and laboratory technology provider Sartorius has signed an agreement to acquire the liquid handling business of Finnish laboratory supplier Biohit Oyj.

With its liquid handling segment, Biohit is one of the global market leaders for mechanical and electronic pipettes, as well as for the associated consumables. The segment, which employs some 400 people, generated net sales of approximately 38 million euros and an EBITDA margin of approximately 13% in fiscal 2010. Its major customers are research, quality assurance, academic laboratories and hospitals.

The deal will enable Sartorius to expand its product portfolio with an important component in the area of laboratory instruments, which currently includes lab balances, lab water purification systems, moisture analysers and sample preparation consumables.

“Pipettes are the ideal addition to our laboratory product offering,” commented Dr Joachim Kreuzburg, CEO and Executive Board Chairman of Sartorius AG. "Just like our balances, they are among the most frequently used lab instruments with especially high customer requirements regarding their precision, reliability, safety and service support. Biohit is one of the leading suppliers in this field, known worldwide for innovative solutions and high quality. With this acquisition, we will substantially strengthen our strategic positioning with our customers and move significantly toward our goal of serving as a broad-based supplier of high-quality laboratory instruments and consumables, supported by excellent service."

Welcoming the acquisition, Professor Osmo Suovaniemi, founder and Chairman of the Board of Biohit Oyj, said, “We are really happy to have found a buyer in Sartorius whose strategic objective is an excellent fit with our liquid handling business and who will continue to further develop it on a global basis. Access to the strong global market presence and customer base of Sartorius will provide excellent prospects for growth."

The deal is expected to close in December 2011.