EMD Millipore, the Life Science division of Merck KGaA of Darmstadt, Germany, announced that it has entered into definitive agreements to acquire Biochrom AG located in Berlin, Germany. The company specializes in the production and marketing of cell-culture media and buffer solutions. The parties agreed not to disclose the purchase price. The acquisition is subject to customary closing conditions such as the approval of the respective antitrust authority.
Closing of the transaction is expected in the fourth quarter of 2012.
The acquisition will strengthen EMD Millipore's Process Solutions business unit, which provides products, services, and solutions that simplify production complexity for pharmaceutical and biopharmaceutical manufacturers. Biochrom's cell-culture media products are highly complementary and innovative, adding liquid cell-culture media and buffers including serum-free products and disposable packaging solutions to the existing portfolio.
It is planned to maintain Biochrom's operations in Berlin. Biochrom’s activities will be part of EMD Millipore's Process Solutions business unit.Source: EMD Millipore