Sartorius and Thermo Fisher Scientific Inc. Sign Supply Agreement on TC Tech Products
May 15 2007 - 4:18AM
Business Wire
The German-based technology group Sartorius (FWB:SRT) signed a new
supply agreement with the U.S. company Thermo Fisher Scientific
Inc. This agreement governs the non-exclusive reciprocal supply of
products for biopharmaceutical process applications between
Sartorius and an affiliate of Thermo Fischer Scientific, TC Tech
Corp. Specifically, the agreement stipulates that TC Tech will
supply Sartorius with disposable process containers up to the end
of 2007 and with disposable process containers assembled with
Sartorius filter capsules up to 2012. In turn, Sartorius will
supply TC Tech with filter units for a further five years. For
several years, Sartorius and TC Tech have already been business
partners in the area of disposables for biopharmaceutical
applications. On the part of both companies, however, merger and
acquisition activities have yielded changes in the ownership
structure and/or in the product array, respectively, which required
a new contractual arrangement: While TC Tech was acquired last year
by Fisher Scientific, Sartorius is currently taking over the
controlling stake in Stedim Biosystems S.A., the market leader in
the field of disposable containers. �The main target of this
agreement is to optimally satisfy customer needs and to enable a
continued product supply for their validated process applications,�
said Reinhard Vogt, Senior Vice President of Sales and Marketing of
the Biotechnology Division at Sartorius, in commenting on this
agreement. This press release contains statements about the future
development of the Sartorius Group. We cannot guarantee that the
content of these statements will actually apply because these
statements are based upon assumptions and estimates that harbor
certain risks and uncertainties. This announcement is made for
information purposes, only. It does not constitute an offer to
purchase nor an invitation to make an offer to sell shares in
Stedim Biosystems S.A. The tender offer to acquire the shares in
Stedim described in this announcement has not started yet. An offer
to buy or an invitation to make an offer to sell will exclusively
be based on a draft tender offer and the related documentation to
be filed with the Autorit� des March�s Financiers (AMF). A profile
of Sartorius The Sartorius Group is an internationally leading
laboratory and process technology provider covering the segments of
biotechnology and mechatronics. In 2006 the technology group earned
sales revenue of 521.1 million euros. The Goettingen-based company
founded in 1870 currently employs approximately 3,900 persons. Its
biotechnology segment focuses on filtration and separation products
as well as fermenters and bioreactors. For the mechatronics segment
in particular, the company manufactures equipment and systems
featuring weighing, measurement and automation technology for
laboratory and industrial applications, as well as hydrodynamic
bearings. Key Sartorius customers are from the pharmaceutical,
chemical and food and beverage industries and from numerous
research and educational institutes of the public sector. Sartorius
has its own production facilities in Europe, Asia and America as
well as sales subsidiaries and local commercial agencies in more
than 110 countries.
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