Mon, 27 Dec 2010 | BUSINESS NEWS
A Scottish medical diagnostics company has announced plans to acquire an American chemical firm.
Axis-Shield, which is located in Dundee, will buy Washington-based Catch Incorporated's global clinical chemistry homocysteine business for around £6.3 million.
Axis has said that the decision to push ahead with the acquisition from its US partner was taken due to the positive impact it would have on the company. “The acquisition reinforces our leading position in homocysteine testing,” said the firm.
Homocysteine testing allows the amount of amino acids in the bloodstream to be measured and monitored and can help to assess whether a patient is at risk of a heart attack.
Alongside being one of the leading lights in the homocysteine testing arena, Axis-Shield has also created and developed test environments and systems for a range of ailments including septicaemia, diabetes and arthritis.
Axis-Shield’s chief executive, Ian Gilham, said, “The acquisition of this additional homocysteine measurement technology and business reinforces Axis-Shield's leading position in homocysteine testing and, importantly, significantly strengthens the patent protection of this important marker until 2019.
“We remain focused on the further growth of sales of homocysteine as the market dynamics move in favour of the more convenient clinical chemistry format for this analyte,” he added.
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
|
02
|
|
May
|
Scottish law firms WJM and Davidson Chalmers Stewart merge | MERGER
Scottish law firms Wright, Johnston & Mackenzie LLP (WJM) an...
|
01
|
|
May
|
Cybersecurity firm Brigantia bought by European peer | BUSINESS SALE
North Yorkshire cybersecurity distributor Brigantia Partners...
|
01
|
|
May
|
Historic pottery company Moorcroft goes out of business | ADMINISTRATION
The directors of 128-year-old Moorcroft Pottery have announc...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.