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Bio-Techne Announces Completion Of Namocell Acquisition

Jul 05, 2022about 3 years ago

Acquiring Company

Bio-Techne Corporation (NASDAQ

Acquired Company

NAMOCELL

Science And Engineering

Description

Bio-Techne Corporation (NASDAQ:TECH), today announced it has completed the acquisition of Namocell, Inc. The Namocell acquisition adds easy-to-use single cell sorting and dispensing platforms that are gentle to cells and preserve cell viability and integrity. Namocell's instruments and consumables are critical technologies in various workflows in both biotherapeutics and diagnostics, including cell and gene therapy development and commercialization, cell engineering, cell line development, single cell genomics, antibody discovery, synthetic biology, and rare cell isolation.

Company Information

Company

Bio-Techne Corporation (NASDAQ

Location

Mckinley Place Ne

About

(NASDAQ: TECH) Contact: David Clair, Senior Director, Investor Relations and Corporate Development david.clair@bio-techne.com 612-656-4416 SOURCE Bio-Techne Corporation

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed