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Sfw Capital-Backed Caron Completes Acquisition Of Bigneat

Aug 16, 2021•almost 4 years ago

Acquiring Company

Caron Products and Services

Acquired Company

Bigneat

Description

Caron Products and Services, a leading provider of laboratory equipment used in small and large molecule drug development and manufacturing, cell and gene therapy, and academic research, today announced that it has completed the acquisition of Bigneat Ltd., a provider of high-performance safety solutions and laboratory products used in biopharmaceutical, biotechnology, academic research, and applied markets. Terms of the private transaction were not disclosed.

Company Information

Company

Caron Products and Services

About

Founded in 1985 in Marietta, OH, Caron is a leading provider of laboratory equipment used in small and large molecule drug development and manufacturing, cell and gene therapy, and academic research. Caron's products, which include environmental testing chambers, incubators and growth chambers, are used for FDA-required QA/QC stability testing during drug development and manufacturing, cell culture in clean-room environments, and growth of samples in academic research. Caron sells its products to a diverse range of customers in the biopharmaceutical, biotechnology, outsourced pharmaceutical services, industrial testing, consumer products, and public research markets, among others. For more information, visit www.caronproducts.com.

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