Swiss firm Roche acquires Germany’s PVT Probenverteiltechnik GmbH and PVT Lab Systems of the US

Roche has acquired PVT Probenverteiltechnik GmbH based in Waiblingen, Germany and PVT Lab Systems, LLC based in Atlanta, Georgia, USA. PVT is a global market leader in the provision of customized automation and workflow solutions for in-vitro diagnostic (IVD) testing in large commercial and hospital laboratories.

Under the terms of the investment, 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.

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, said Roche.

Daniel O'Day, Chief Operating Officer of Roche Diagnostics, said increasing laboratory consolidation leading to testing volumes of tens of thousands samples per day demands an ever-higher degree of automation. With PVT's technology, Roche will be able to deliver integrated and highly-efficient automation solutions to meet the evolving needs of its customers and further strengthen its leading position in the clinical diagnostics market, O’Day said.

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 US$15.3 billion in 2009. 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.

PVT GmbH, a leading provider of task-targeted laboratory automation, is based in Waiblingen, Germany with facilities in nearby Aldingen. PVT LLC is PVT GmbH's US distribution company based in Atlanta, Georgia and driving the US sales operations. PVT and Roche have been collaborating for over fifteen years with Roche distributing PVT's products in numerous countries.

Roche Professional Diagnostics commercializes integrated, modular and highly-efficient testing solutions for clinical and immuno in-vitro diagnostics for centralized and decentralized settings. Products include systems, services, IT solutions as well as reagents covering a comprehensive spectrum of indications.

Headquartered in Basel, Switzerland, Roche is a leader in research-focused healthcare with combined strengths in pharmaceuticals and diagnostics.

16th March 2011

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