Mettler-Toledo International Inc. (NYSE:MTD) will look for acquisitions. Shawn Vadala, Chief Financial Officer said, "We do think we're a good platform for acquisitions, especially bolt-ons. We have a -- we tend to have a very tight definition of what we refer to as strategic fit. So you're not going to see us maybe explore things in a lot of different broad directions. I think they tend to be things that are very much adjacencies within our portfolio or maybe gaining access to a geography that we didn't quite have before. So I think you'll see us more likely continue to do bolt-ons. And we're very happy to do acquisitions when the opportunities present themselves. A lot of it comes down to the ability for our -- for the sellers to sell. These are typically smaller companies, sole proprietors. And it's -- and they dictate the timing of when something is for sale. In terms of a larger acquisition, I would never say we're averse to something like that. It's just less likely given -- it's less likely that we're going to have quite the strategic fit that we would be looking for”.
Mettler-Toledo International, Inc. specializes in the design, manufacturing and marketing of precision instruments. Net sales break down by sector of activity as follows:
- research and development in laboratories (56%): weighing solutions (analytical balances, precision balances, microbalances, mass comparators, etc.), pipetting systems, analytical instruments (thermal analysis instruments, titrators, pH meters, densimeters, refractometers and spectrophotometers), automated reactors, etc. ;
- industries (38.9%): industrial scales, analysis systems, industrial inspection and control systems. The group also offers software solutions for weighing, measuring and identification, as well as solutions to monitor and control production processes;
- distribution of food products (5.1%): weighing solutions (weight / price scales, counter balances, cash balances, etc.), packaging, pricing, packaging and labeling.
Net sales by source of revenue break down between product sales (79.6%) and services (20.4%).
Net sales are distributed geographically as follows: the United States (32.7%), Americas (5.5%), Germany (6.2%), France (4.1%), the United Kingdom (2.4%), Switzerland (2.2%), Europe (13.7%), China (20.3%) and other (12.9%).