Sartorius Acquires Majority Stake in ALS Automated Lab Solutions
16 Dezember 2021 - 2:03PM
Dow Jones News
By Giulia Petroni
Sartorius AG said on Thursday that it would acquire a majority
stake in Germany-based laboratory technology company ALS Automated
Lab Solutions GmbH for an undisclosed sum.
The pharmaceutical and laboratory-equipment supplier said it
would initially buy 62.5% of ALS's shares on Jan. 3, while the rest
will be bought in 2026.
ALS makes solutions for the automated analysis, selection and
isolation of cells, according to the company. It currently employs
around 30 people and is expected to generate sales in the high
single-digit million-euro area this year, with a double-digit
earnings before interest, taxes, depreciation and amortization
margin.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
December 16, 2021 07:48 ET (12:48 GMT)
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