Goettingen, Germany 12/19/14—Lab- and process-technology company Sartorius has agreed to sell its Industrial Technologies Division (Intec) to Japanese Minebea and the Development Bank of Japan. The sales price will be determined by Intec’s operating profit this year, but the parties have agreed on a 7.5 multiple of Intec’s 2014 operating EBITDA. “By selling our Intec Division to Minebea, we are realizing an important cornerstone of our long-term strategy and focus on our two core activities in Bioprocess and Laboratory,” said Sartorius CEO and Chairman Joachim Kreuzburg. In 2013, Intec’s revenues totaled €102 million ($136 million = €0.75 = $1), and it posted an underlying EBITDA margin of 10.1%. The transaction is expected to close in the first quarter of 2015.