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Mergers and Acquisitions

Date: 2011-03-15

Type of information: Company acquisition

Acquired company: PVT (Germany)

Acquiring company: Roche (Switzerland)

Amount: € 65 million and up to € 20 million upon reaching performance-related milestones.

Terms:

Roche has acquired PVT Probenverteiltechnik GmbH based in Waiblingen, Germany and of PVT Lab Systems, LLC based in Atlanta, Georgia, USA. PVT is a global market leader in providing customised automation and workflow solutions for in-vitro diagnostic testing in large commercial and hospital laboratories. Under the terms of the agreement, Roche will pay PVT shareholders an upfront payment of € 65 million as well as up to € 20 million upon reaching performance-related milestones. The transaction is subject to customary closing conditions. PVT will become one of the competence centers inside Roche for the development and manufacturing of automation products.

Details:

The acquisition will expand Roche’s global access to PVT’s product portfolio for automation of pre- and post-analytical tasks such as centrifuging, pipetting, sorting and archiving across a large variety of sample formats. Through optimized work processes, improved turn-around-times as well as increased quality and security of sample handling, PVT’s products enable clinical laboratories to reliably manage low to very high sample volumes and to arrange their lab space with great flexibility.
The newly acquired automation capabilities will strengthen Roche’s growth and competitive advantage in the laboratory core business, which had an estimated market size of USD 15.3 billion in 2009. By combining its integrated, modular and highly efficient analyzers, like the cobas 6000 analyzer for medium-sized labs or the cobas 8000 analyzer for large-volume labs, either with the MODULAR PRE-ANALYTICS (MPA) systems or with PVT’s front- and back-end automation solutions, Roche is able to customise its offer for all different types and sizes of clinical laboratories. PVT and Roche have had a close partnership for over fifteen years, under which Roche has been distributing PVT products, such as the RSA Pro and the RSD Pro system, in Europe, Asia and Latin America.

Related:

clinical diagnostics

Is general: Yes