Biohit sells liquid handling business
Helsinki/Göttingen – Finnish laboratory supplier Biohit Oyj has sold its liquid handling business for €68m to German process and labtech provider Sartorius AG. Osmo Suovaniemi, founder and Chairman of the Board at Biohit, welcomed the acquisition: “We are very happy to have found a buyer in Sartorius, whose strategic objective is an excellent fit with our liquid handling business.” The Finnish company will now concentrate on its diagnostics unit. According to Biohit, the GastroPanel – a stomach health test diagnosing Helicobacter pylori infections and atrophic gastritis – should be a key driver for the future growth. The company is also setting its hopes on its Acetium capsules, a product that has been developed to bind and inactivate carcinogenic acetaldehyde in an anacidic stomach. According to Biohit, exposure to acetaldehyde has been connected to around four million new cases of cancer every year worldwide.