Mesa secures biological indicator company

Mesa Laboratories, a Colorado-based manufacturer of electronic instruments and disposables, has announced its acquisition of SGM Biotech, a Montana manufacturer of biological indicator products.

Under the terms of the transaction, Mesa Labs has acquired all of the outstanding shares of SGM for approximately $12m (£8m) in cash, subject to certain net asset adjustments.

In conjunction with this acquisition, Mesa will also be purchasing a building in Bozeman, Montana, which is currently occupied by SGM.