Tecan Group Acquires IBL International
July 30, 2014
Tecan Group (SIX: TECN) has acquired IBL International, a Hamburg-based specialist in microtiter plate immunoassays, for EUR 29.0 million in cash. IBL will join Tecan’s Life Sciences Business to enable integrated instrument-plus-reagent solutions for specialty diagnostics, supporting Tecan’s shift toward higher recurring revenues.
- Buyers
- Tecan Group
- Targets
- IBL International
- Industry
- Medical Devices
- Location
- Hamburg, Germany
- Transaction Type
- Buyout
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