Mettler-Toledo International Inc. Announces Acquisition Of PendoTECH
COLUMBUS, Ohio, March 24, 2021 /PRNewswire/ -- Mettler-Toledo International Inc. (NYSE: MTD) today announced that it completed the acquisition of PendoTECH, a manufacturer and distributor of single-use sensors, transmitters, control systems and software for measuring, monitoring and data collection primarily in bioprocess applications. PendoTECH's focus is serving bio-pharmaceutical manufacturers and life science laboratories. The company is based in Princeton, New Jersey, with a majority of its sales in North America. Acquisition consideration includes a $185 million initial payment, contingent consideration of up to $20 million and other post-closing amounts.
Olivier Filliol, President an
