Shots:

• Avantor to acquire Ritter and its affiliates in an all-cash transaction with an up front equity purchase price of ~ $1.06B along with additional payments following the achievement of milestones. The transaction is expected to be completed in Q3’21
• The acquisition expands Avantor’s offering for diagnostic and drug discovery workflows
• The acquisition integrates Ritter's liquid handling consumables platform for clinical diagnostic testing and life sciences research with Avantor's offerings for critical lab automation workflows and global customer channel

  Ref: PRNewswire | Image: Ritter