Kekst CNC is handling medical laboratory supplier Avantor Inc.’s $1.1B deal for Germany’s Ritter GMbH.
Ritter makes robotic and liquid handling consumables that are used in a variety of molecular screening and diagnostic applications.
The merger expands Avantor’s offerings to biopharma and healthcare end markets and bolsters the number of products for lab automation workflows.
Avantor CEO Micheal Stubblefield said the deal partners “share similar characteristics including a highly recurring, specification-driven revenue profile and a consumable-driving portfolio of products produced to exacting standards that enhances their unique customer value proposition.”
The Radnor, PA-based company has spent $8B for 40 acquisitions since 2011.
It registered a 5.8 percent rise to $6.4B in 2020 revenues and a 208 percent surge in net income to $116M.
Kekst CNC has Daniel Yunger and Nathan Riggs representing Avantor.