Shots:
- Avantor to acquire Ritter and its affiliates in an all-cash transaction with an up front equity purchase price of ~ $1.06B along with additional payments following the achievement of milestones. The transaction is expected to be completed in Q3’21
- The acquisition expands Avantor’s offering for diagnostic and drug discovery workflows
- The acquisition integrates Ritter’s liquid handling consumables platform for clinical diagnostic testing and life sciences research with Avantor’s offerings for critical lab automation workflows and global customer channel
Click here to read full press release/ article | Ref: PRNewswire | Image: Ritter
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