COLUMBUS, Ohio, March 24, 2021 /PRNewswire/ — Mettler-Toledo Worldwide Inc. (NYSE: MTD) at this time introduced that it accomplished the acquisition of PendoTECH, a producer and distributor of single-use sensors, transmitters, management methods and software program for measuring, monitoring and knowledge assortment primarily in bioprocess purposes. PendoTECH’s focus is serving bio-pharmaceutical producers and life science laboratories. The corporate relies in Princeton, New Jersey, with a majority of its gross sales in North America. Acquisition consideration features a $185 million preliminary cost, contingent consideration of as much as $20 million and different post-closing quantities.
Olivier Filliol, President and Chief Government Officer, commented, “We’re a world chief in real-time measurement of key course of management parameters utilized in bioprocessing, together with sensors to watch pH, dissolved oxygen, carbon dioxide and different parameters. PendoTECH is a wonderful strategic match because it expands our providing to incorporate varied sensors, together with stress, which is a crucial and customary management parameter in downstream and upstream bioprocess purposes. The corporate is understood for its modern innovation in single-use sensors which might be changing into more and more necessary in bioproduction. The mixture of our Course of Analytics and PendoTECH merchandise and applied sciences creates some of the complete sensor choices within the bioprocess market at this time. The outlook for the bioprocessing market is superb, and we see enticing alternatives to cross-sell and broaden PendoTECH’s international attain. Clients can even profit from utilizing varied sensors with harmonized interfaces and expanded integration capabilities.”
METTLER TOLEDO (NYSE: MTD) is a number one international provider of precision devices and providers. We’ve robust management positions in all of our companies and consider we maintain international number-one market positions in most of them. We’re acknowledged as an innovation chief and our options are crucial in key R&D, high quality management and manufacturing processes for purchasers in a variety of industries together with life sciences, meals and chemical compounds. Our gross sales and repair community is likely one of the most in depth within the business. Our merchandise are offered in additional than 140 nations and we’ve got a direct presence in roughly 40 nations. With confirmed progress methods and a concentrate on execution, we’ve got achieved a long-term observe document of robust monetary efficiency. For extra info, please go to www.mt.com.
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SOURCE Mettler-Toledo Worldwide Inc.