Patricia Industries-backed Advanced Instruments to acquire Artel for $140m.

Patricia Industries-backed Advanced Instruments, a manufacturer of laboratory products, agreed to acquire Artel, a provider of analytical instruments, consumables, software and services used by life science laboratories within the biopharmaceutical, for $140m. "We are excited about joining the Advanced Instruments team. Our companies share many similar values and goals including a vision for sustained innovation, a strong connection to the ultimate beneficiaries of our technologies and a desire to provide solutions that drive efficiency and deliver value to our customers. In addition to strengthening our customer relationships, this partnership will provide new and exciting opportunities for our employees," Kirby Pilcher, Artel President.