Sartorius: towards acquisition of a Novasep division
(CercleFinance.com) - Sartorius Stedim Biotech announced today that it has entered into an agreement to acquire the chromatography equipment division of Novasep.
Employing around 100 people in France, the United States, China and India, the division is expected to achieve sales of around 37 million euros in 2020, with double-digit profit margins, Sartorius says.
The transaction - whose cost the parties have chosen not to disclose until all necessary approvals have been obtained - could be completed in the first half of 2021.
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