Announced
Financials
Sources
Tags
Pending
analytical services
Biotechnology
Majority
United Kingdom
Acquisition
Domestic
laboratory services
Single Bidder
Friendly
Private
Private Equity
testing inspection and certification
Synopsis
Element Materials Technology, a provider of testing, inspection and certification services, agreed to acquire Arch Sciences Group, a provider of analytical services and laboratory solutions to customers in the pharmaceuticals sector, from Limerston Capital Partners, a private equity firm. Financial terms were not disclosed. "Our acquisition of Arch complements our existing capabilities and expertise in the Americas after a period of significant growth there, and creates a strong platform to expand the pharmaceuticals segment of our life sciences business in Europe," Jo Wetz, Element CEO.
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