Sartorius to Hone Focus on Bioprocess and Laboratory Business

Sartorius AG (ETR:SRT) announced that it has signed a contract to sell its Industrial Technologies Division to Minebea Co. Ltd. (TSE:6479) and the Development Bank of Japan Inc., its partner.

The move will allow Sartorius to concentrate on its core bioprocess and laboratory business.

Joachim Kreuzburg, CEO and chairman of Sartorius’ executive board, commented:

By selling our Intec Division to Minebea, we are realizing an important cornerstone of our long-term strategy and focus on our two core activities in Bioprocess and Laboratory. Over the past years we have successfully positioned our Intec business as a specialist for industrial weighing and control technologies and have reached healthy profitability levels. Under Minebea’s roof, this business will now gain the critical mass needed to further extend its footprint internationally, an important prerequisite for further growth. I am convinced that Minebea is the perfect new owner for this business because of the complementarity of the product portfolios and the geographical footprint, and also because of their commitment to long-term strategies and premium products.

Click here to read the full Sartorius AG (ETR:SRT) press release.