Announced
Financials
Tags
Completed
Private
medical equipment
Single Bidder
Natural
Acquisition
United Kingdom
Medical Equipment
Domestic
Majority
Synopsis
Hamilton Thorne, a leading provider of precision instruments, consumables, software and services to the Assisted Reproductive Technologies and developmental biology research markets, has completed the acquisition of Planer for $11m. Planer, based in Sunbury, England is a leading manufacturer of incubators, control rate freezers and lab monitoring systems for the ART and laboratory markets worldwide and a provider of related services in the UK. The Transaction results in the expansion of Hamilton Thorne's product offerings and provides the Company with profitable operations in the well-established UK ART market. "Planer is a well-established and respected worldwide provider of premium equipment to the ART and developmental biology market that shares our commitment to the highest standards in customer service and quality. I am particularly excited that Planer's current employees and leadership team will continue to operate and lead the growth of the existing Planer business while collaborating with our existing Hamilton Thorne team on several new avenues of growth for our combined operations." David Wolf, Hamilton Thorne President, and Chief Executive Officer.
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