USX:SOAGY - Sartorius AG Sartorius Aktiengesellschaft
Sector: Health Care, Industry: Health Care Equipment
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USD 79.72    -1.31 (-1.62%)

27 Mar 2024


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General

CEO: Dr. Joachim Kreuzburg

Headquarters: US

Employees: 14,614

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Description

Sartorius AG is a leading provider of bioprocessing solutions. Its Bioprocess division sells equipment and consumables for upstream and downstream manufacturing of biologic drugs, and has a focus on single-use technology, or SUT. Its Lab Products and Services division offers a wide range of products for lab use, including scales, pipettes, and filtration equipment. As of 2022, the Bioprocess and LPS divisions contributed 80% and 20% of revenue, respectively. Bioprocess is housed in its subsidiary Sartorius Stedim Biotech, of which Sartorius AG has a 74% ownership and 85% voting control. The business is geographically diverse, with revenue across Europe, the Middle East, and Africa (37% of 2022 sales), the Americas (37%), and Asia-Pacific (26%). We estimate China revenue to be around 10%.

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