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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