Sartorius to Sell Its Industrial Technologies Division to Minebea Co., Ltd.

Goettingen, December 19, 2014 - Sartorius, a leading international laboratory and pharmaceutical equipment provider, is selling its Industrial Technologies Division (Intec) to the Japanese Minebea Co., Ltd. (Minebea) and their partner, the Development Bank of Japan Inc. The respective contract was signed today. The sales price will be determined as a multiple of the Intec division's 2014 operating profit and be fixed in early 2015. The contractual parties agreed on a 7.5 multiple on the division's 2014 operating EBITDA. The transaction is subject to customary closing conditions, including regulatory clearance by the antitrust authorities, and is expected to close in the first quarter of 2015.

In fiscal 2013, the Intec Division earned sales revenue of 102 million euros and achieved an underlying EBITDA margin of 10.1%.

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