Mettler-Toledo to acquire PendoTECH for $205m.

Mettler-Toledo, a multinational manufacturer of scales and analytical instruments, agreed to acquire PendoTECH, a company offering technology for GMP manufacturing & process development of biopharmaceuticals, for $205m. "The combination of our Process Analytics and PendoTECH products and technologies creates one of the most comprehensive sensor offerings in the bioprocess market today. The outlook for the bioprocessing market is excellent, and we see attractive opportunities to cross-sell and expand PendoTECH's global reach. Customers will also benefit from using various sensors with harmonized interfaces and expanded integration capabilities," Olivier Filliol, Mettler-Toledo President and CEO.