Sartorius Stedim Biotech (SSB) Acquires Leading Biopharma Software Developer Umetrics
03 Abril 2017 - 2:30AM
Business Wire
- Leading data analytics software to
optimize process development and production of
biopharmaceuticals
- Swedish company already an SSB
cooperation partner since 2012
- 2017 financial guidance
confirmed
Regulatory News:
Sartorius Stedim Biotech (Paris:DIM), a leading supplier to the
biopharma industry, today acquired the Umetrics business (MKS
Instruments AB) from the U.S. based MKS Instruments Group. Umetrics
is a highly specialized, globally leading provider of data
analytics software for modeling and optimizing development and
manufacturing processes. SSB has been a cooperation partner of
Umetrics since the end of 2012, distributing and co-marketing their
software to major players in the biopharmaceutical industry.
SSB purchased Umetrics for $72.5 million on a cash and debt-
free basis. The company is expected to generate sales revenue on a
full-year basis of approximately $15 million and a significant
double-digit underlying EBTIDA margin in 2017. Headquartered in
Malm�, Sweden, Umetrics employs approximately 50 people.
Oscar-Werner Reif, member of the Executive Committee of SSB,
said: “Powerful data analytics software tools are key when it comes
to running state-of-the-art biopharmaceutical factories of the
future. We will provide our customers with the best-suited tools to
monitor and optimize their processes and fulfill their
documentation requirements for regulatory bodies.” Jakob Mohr
Christensen, Managing Director of Umetrics, said: “We are very
pleased to become part of SSB as it provides the opportunity to
further gain access to key customers and accelerate the penetration
of our best-in-class software solutions.”
Major application areas for Umetrics software systems are
critical process steps, such as cell culture processes or specific
purification steps in the biopharmaceutical industry. Applying
multivariate data analysis (MVDA) on a number of parameters such as
glucose and lactate, process variations and their causes can be
displayed transparently in real time. DoE software (Design of
Experiments) permits critical process parameters to be efficiently
identified and quantified as well as development cycles to be
considerably shortened. Besides biopharma, Umetrics is also serving
customers in the chemical and food and beverage industries.
Following the transaction, SSB confirms its financial targets
for the full year of 2017. Sales revenue is expected to increase by
about 8% to 12% and the underlying EBITDA1 margin to rise by
approx. 0.5 percentage points over the prior-year figure of 27.5%,
both estimations given in constant currencies. The positive growth
effect due to the Umetrics acquisition of around 1 percentage point
will be compensated by the somewhat softer customer demand at the
beginning of the year as well as by temporarily limited delivery
capacities for cell culture media in North America, which are
anticipated to have an impact primarily in the first half of
2017.
SSB continues to plan capital expenditures of around 10% to 13%
of sales in the current year.
1 Underlying EBITDA = earnings before interest, taxes,
depreciation and amortization, adjusted for extraordinary items
This press release contains statements about the future
development of the Sartorius Stedim Biotech 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.
A Profile of Sartorius Stedim Biotech
Sartorius Stedim Biotech is a leading international supplier of
products and services that enable the biopharmaceutical industry to
develop and manufacture drugs safely and efficiently. As a total
solutions provider, Sartorius Stedim Biotech offers a portfolio
covering nearly all steps of biopharmaceutical manufacture. The
company focuses on single-use technologies and value-added services
to meet the rapidly changing technology requirements of the
industry it serves. Headquartered in Aubagne, France, Sartorius
Stedim Biotech is quoted on the Eurolist of Euronext Paris. With
its own manufacturing and R&D sites in Europe, North America
and Asia and an international network of sales companies, Sartorius
Stedim Biotech has a global reach. In 2016, the company employed
approx. 4,700 people, and earned sales revenue of 1,051.6 million
euros. More information can be found at Sartorius Stedim Biotech’s
web page www.sartorius.com.
A Profile of Umetrics
Umetrics is a world leader in multivariate technology, providing
software for design of experiments (DOE) and multivariate data
analysis (MVDA). Umetrics offers complete solutions for both
off-line and online data analysis (continuous and batch processes),
all supported by training and consulting services. More information
can be found at Umetrics web page www.umetrics.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170402005130/en/
Sartorius Stedim BiotechPetra Kirchhoff, +49
(0)551.308.1686Vice President of Corporate
Communicationspetra.kirchhoff@sartorius.com
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