Mettler-Toledo International to Seek Bolt-On Acquisitions
January 10, 2024 at 11:15 am EST
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Mettler-Toledo International Inc. (NYSE:MTD) will look for bolt-on acquisitions. Patrick Kaltenbach said, "Finally, while we are fundamentally focused on organic sales growth, we will also continue to look to expand our product offering through small- to medium-sized bolt-on acquisitions that can help expand our technology leadership, product offering and channel reach. We are typically looking to acquire businesses and technologies that are a good complement to our existing product offering and can leverage our global manufacturing and direct sales footprint".
Mettler-Toledo International, Inc. specializes in the design, manufacturing and marketing of precision instruments. Net sales break down by sector of activity as follows:
- research and development in laboratories (55.6%): weighing solutions (analytical balances, precision balances, microbalances, mass comparators, etc.), pipetting systems, analytical instruments (thermal analysis instruments, titrators, pH meters, densimeters, refractometers and spectrophotometers), automated reactors, etc. ;
- industries (39.3%): industrial scales, analysis systems, industrial inspection and control systems. The group also offers software solutions for weighing, measuring and identification, as well as solutions to monitor and control production processes;
- distribution of food products (6.1%): weighing solutions (weight / price scales, counter balances, cash balances, etc.), packaging, pricing, packaging and labeling.
Net sales by source of revenue break down between product sales (76.7%) and services (23.3%).
At the end of 2023, the group had 30 production sites worldwide.
Net sales are distributed geographically as follows: the United States (35.5%), the Americas (5.9%), Germany (5.8%), France (3.7%), Switzerland (2.4%), the United Kingdom (2.1%), Europe (12.8%), China (18.7%) and other (13.1%).
METTLER-TOLEDO INTERNATIONAL, INC. 
