Mesa Laboratories to acquire Gyros Protein Technologies for $180m.

Mesa Laboratories, a diversified supplier of quality control instruments and consumables to highly regulated markets, agreed to acquire Gyros Protein Technologies, a provider of Immunoassay and Peptide Synthesis solutions that accelerate the discovery, development and manufacturing of biotherapeutics, for $180m. The acquisition deepens our commitment to biopharmaceutical quality control and will be the core of our new platform, Biopharmaceutical Development.The acquisition is expected to add between $37m to $40m of revenues during the first 12 months, deliver double digit organic revenues growth over the next several years and excluding the impact of purchase accounting, generate gross profit margin percentages in the mid to high 60’s. “We are proud of the track record we have improving the processes for developing biotherapeutics. Superior technology backed by deep customer intimacy has been the foundation of our success and we felt the same spirit of innovation at Mesa. We look forward to working with the Mesa team to expand the applications we deliver and deepening our level of customer support,” Dan Calvo, GPT President.