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Merck KGaA Buys Biotest's Microbiology Business
6:38 AM MDT | March 22, 2011 | Natasha Alperowicz
Merck KGaA has entered into a definitive agreement to acquire Biotest's (Dreieich, Germany) worldwide microbiological monitoring activities. The business comprises heipha Dr. Müller GmbH (Eppelheim, Germany), as well as the Hycon business based at Dreieich, the subsidiaries in France, Japan and the U.S., as well as further activities and empolyees in several European countries. The business has a combined workforce of 290 and in 2010 generated sales of about €50 million ($71 million). Closing of the transaction is expected in the second half of this...
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