# Evonik to acquire METEX technology

> Evonik agreed to acquire METEX's methionine technology package for a total consideration of 45 million euros, including a two-year transfer service agreement. The package covers fermentation methionine technology, patents, bacteria strains and the inoLa brand. Evonik said the deal will strengthen its amino acid biotechnology platform.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/74171-evonik-to-acquire-metex-technology
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md)

## Why it matters

The 45 million euro price sets a value for fermentation methionine know-how, and the technology could add alternative supply over time. Feed buyers should watch for any commercial rollout.

## Read by commodity

- METH: bearish ▼

## Sources

- feedstuffs.com: https://www.feedstuffs.com/agribusiness-news/evonik-to-acquire-metex-technology

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.