ImmunoPrecise Antibodies Acquires Belgian BioStrand, BioKey and BioClue

April 14, 2022

ImmunoPrecise Antibodies Ltd. (IPA), through its subsidiary ImmunoPrecise Netherlands BV, completed the acquisition of BioStrand BV, BioKey BV and BioClue BV, a group of Belgian bioinformatics and biotech companies. The deal (approx. €20 million consideration plus up to €12 million earnout and a €6 million investment commitment) adds AI-driven multi-omics analytics and software capabilities to IPA's antibody discovery and biotherapeutics platform.

Buyers
ImmunoPrecise Antibodies Ltd. (via ImmunoPrecise Netherlands BV), ImmunoPrecise Netherlands BV
Targets
BioStrand BV, BioKey BV, BioClue BV
Sellers
Idea Family BV, CHARMQUARK EEN (controlled by Dirk Van Hyfte), CHARMQUARK TWEE (controlled by Ingrid Brands), K&E BV (controlled by Koen Quaghebeur and Els Paesmans)
Industry
Biotechnology
Location
Belgium
Transaction Type
Buyout

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