Merck's $17 billion acquisition of Sigma-Aldrich receives full antitrust approval


Release time:

2018-05-24

Merck KGaA recently announced that its US$17 billion cash acquisition of Sigma-Aldrich (hereinafter referred to as Sigma), the world's largest chemical reagent manufacturer, has been approved by the antitrust departments of all relevant jurisdictions. approve. The acquisition is expected to be completed in the third quarter of 2015.

  Merck KGaA recently announced that its US$17 billion cash acquisition of Sigma-Aldrich (hereinafter referred to as Sigma), the world's largest chemical reagent manufacturer, has been approved by the antitrust departments of all relevant jurisdictions. approve. The acquisition is expected to be completed in the third quarter of 2015.

  Recently, the acquisition has received unconditional approval from the last jurisdiction, the Brazilian Antitrust Agency (CADE). Previously, it had also received approval from the antitrust agencies of Israel and South Korea. In the European market, according to the conditional approval issued by the European Commission (EC) on June 15, Merck and Sigma have agreed to sell part of Sigma's solvents and inorganics business in Europe.

  The acquisition, designed to strengthen Merck Millipore's laboratory consumables business, will expand Merck Millipore's global coverage and increase its presence in North America and the fast-growing Asian market. The acquisition of Simga also marks a milestone in Merck's "2018 Transformation Journey", transforming its three major businesses into sustainable growth platforms: healthcare, life sciences, and high-performance materials.

  On September 22 last year, the two parties reached a final acquisition agreement. Merck will acquire Sigma for US$17 billion in cash, thus becoming a leading company in the global life sciences industry worth US$130 billion, and will be able to provide life sciences customers around the world. It has an attractive set of mature brands and an efficient supply chain that can support the supply of more than 300,000 products. In the laboratory & academic business, combined with the existing life sciences businesses of Merck Millipore and Sigma, Merck will provide a wide range of complementary products in laboratory chemicals, biological agents, and reagents. Sigma will complement Merck Millipore's existing products and capabilities in pharmaceuticals and biopharmaceuticals.

  It is worth mentioning that the acquisition of Sigma is also the largest acquisition in Merck’s history. The previous largest transaction was the US$13.3 billion acquisition of Serono, Switzerland's largest biotechnology company, in 2007. This acquisition created a new giant in the European pharmaceutical industry and positioned it as a giant in the pharmaceutical industry. . However, Merck Serono has suffered repeated setbacks in new drug research and development in the following years, has not launched a blockbuster product, and is now in trouble. Later in 2010, Merck spent US$6 billion to acquire Millipore, an American manufacturer of laboratory equipment and chemicals, to accelerate the company's transformation.

  Sigma-Aldrich is the world's leading life science and high-tech group company. Its biochemistry and organic chemistry products and kits are widely used, with operating agencies in 36 countries and regions. Merck Group is mainly committed to innovative pharmaceuticals, life sciences and cutting-edge functional materials technology, with 154 branches in 67 countries and regions around the world. Both have branches or joint ventures in China.

  About Sigma-Aldrich :

  Sigma-Aldrich is a high-tech multinational company dedicated to the fields of life science and chemistry. It is the world's largest manufacturer and supplier of chemical/biological reagents and an experimental partner for millions of scientists and technicians around the world. Its biochemistry and organic chemistry reagents and kits are widely used in genome and proteome research, biotechnology, pharmaceutical industry, disease diagnosis and chemical production, with more than 120,000 products.

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