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U.S. lab products provider Avantor to buy Germany's Ritter for $1.1 billion

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FRANKFURT (Reuters) - U.S. laboratory products supplier Avantor has agreed to buy German peer Ritter for 890 million euros ($1.1 billion) in cash, adding to a wave of dealmaking in the sector.
Ritter, which makes robotic and liquid-handling consumables for laboratories such as racks, dispensers and cartridges, saw demand for its products - including those used for COVID-19 PCR tests - rise sharply in the pandemic.
In the same sector, Italy’s DiaSorin has announced plans to buy U.S. rival Luminex, while Roche is acquiring U.S.-based GenMark Diagnostics, and German labs group Synlab said it would list on the stock exchange. ....

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U.S. lab products provider Avantor to buy Germany's Ritter for $1.1bln

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Avantor® to Acquire Ritter GmbH and its Affiliates; Expands Proprietary Offering for Diagnostic and Drug Discovery Workflows

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Avantor® to Acquire Ritter GmbH and its Affiliates; Expands Proprietary Offering for Diagnostic and Drug Discovery Workflows
April 12, 2021 GMT
Avantor introduces new brand identity (PRNewsfoto/Avantor)
RADNOR, Pa. and SCHWABMÜNCHEN, Germany, April 12, 2021 /PRNewswire/ Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries, announced today that it has entered into a definitive agreement to acquire privately held Ritter GmbH and its affiliates in an all-cash transaction with an upfront equity purchase price of approximately €890 million subject to final adjustments at closing and additional payments based on achieving future business performance milestones. ....

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Kekst CNC Works Avantor's Ritter Deal - Mon., Apr. 12, 2021

Kekst CNC Works Avantor's Ritter Deal - Mon., Apr. 12, 2021
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Avantor introduces new brand identity (PRNewsfoto/Avantor)

Avantor introduces new brand identity (PRNewsfoto/Avantor)
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