Thu, 31 Dec 2015 | BUSINESS SALE
Research Instruments, a company specialising in in-vitro fertilisation (IVF) developments, has been bought by US-based CooperSurgical.
Based in Falmouth, Cornwall, Research Instruments specialises in cutting-edge technology for both consumables and hardware used in IVF treatment and research.
CooperSurgical, the women's healthcare division of The Cooper Companies, Inc, eyed the UK business to help it strengthen its own IVF offering.
The business sale was agreed for the total cash consideration of $51 million and the British company received advice from a team at Ashfords, led by corporate partners Stuart Mathews and Andrew Betteridge.
Mr Matthews commented: “This sale is the culmination of years of hard work by William, Justin and David who together have built an outstanding global business.
“The deal brings together two important players in the IVF field and provides a strong strategic growth opportunity for CooperSurgical. We wish the business continued success under its new ownership.”
Research Instruments was founded by William Brown, Justin Retallack and David Lansdowne in the early 1980s and has expanded to become the largest global supplier of assisted reproductive technology.
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