LONDON, UK: Porvair plc, the filtration, laboratory, and environmental technology group, has announced its plan to acquire Ratiolab GmbH and Ratiolab Kft., two laboratory consumables businesses based in Germany and Hungary, respectively.
The acquisition is subject to Hungarian regulatory approval and is expected to take around three months.
Ratiolab GmbH sells laboratory consumables in Europe and the Middle East, while Ratiolab Kft. manufactures them in an 8,000m2 facility near Budapest, including the freehold.
The acquisition of Ratiolab is expected to be earnings neutral in the balance of 2023, but earnings enhancing thereafter.
Porvair’s Board sees Ratiolab as a complementary fit to the Group’s Laboratory division, adding European manufacturing capabilities, injection moulding expertise, and routes to market.
The acquisition also expands machining and product design skills to the Group’s microelectronics filtration facility in Idaho, following the recent acquisition of HRW Inc.’s assets.
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