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New Deal


Announced

Symrise to acquire Cutech.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pharmaceuticals

screening models

Private

Single Bidder

Majority

Pending

pharmaceutical products

Acquisition

Friendly

Italy

Synopsis

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Symrise, a producer of flavours and fragrances, agreed to acquire Cutech, a designer and developer of skin and hair follicle screening models. Financial terms were not disclosed. “We have decided to closer collaborate with Symrise as both partners can benefit from the union. Symrise acquires considerable know-how in the prediction of the effectiveness of cosmetic ingredients. Cutech will benefit from the broad research base at Symrise and its technological resources. This will lead to a faster development of effective cosmetic ingredients. We look forward with excitement to our joint projects,” Paolo Pertile, Cutech CEO.

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