Mesa Laboratories Acquires Gyros Protein Technologies

October 31, 2019

Mesa Laboratories (NASDAQ: MLAB) acquired Gyros Protein Technologies Holding AB (GPT) from AP6 (Sixth Swedish National Pension Fund), Ampersand Capital Partners and individual shareholders for $180 million in cash. The acquisition, which establishes Mesa's new Biopharmaceutical Development platform, adds GPT's immunoassay and peptide synthesis instruments and consumables and is expected to contribute roughly $37–$40 million of revenue in the first 12 months (about 55% recurring).

Buyers
Mesa Laboratories, Inc.
Targets
Gyros Protein Technologies Holding AB
Sellers
AP6 (Sixth Swedish National Pension Fund), Ampersand Capital Partners, Various individual shareholders
Industry
Biotechnology
Location
Uppsala County, Sweden
Transaction Type
Buyout

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