Roche to Acquire 100% Of Privately-held mtm Laboratories

Ventana Medical Systems, a member of the Roche, said Roche has signed an agreement under which it will acquire 100% of mtm laboratories, a privately-held company based in Heidelberg, Germany.

As per the terms of the agreement, Roche will pay mtm shareholders an upfront payment of around €130 million, or $180 million, as well as up to approximately €60 million, or $85 million, upon reaching performance-related milestones.

The transaction is subject to customary closing conditions and is expected to close in the coming weeks.