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New Deal


Announced

LabConnect to acquire Cryo Store.

Financials

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

Tags

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Majority

Cross Border

shipping

Acquisition

Netherlands

Third Party Logistics (3PL)

Friendly

Single Bidder

Pending

Private

Synopsis

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LabConnect, a medical laboratory, agreed to acquire Cryo Store, a company specialized in Biobanking, Packaging and Logistics of temperature sensitive products and samples of various nature. Financial terms were not disclosed. "We have served LabConnect and its clients in Europe for over a decade and we are looking forward to expanding the range of services that will be provided from our location. We are proud of the work we have accomplished over the past 13 years and are excited to be part of LabConnect's strategic platform supporting its clinical studies in Europe," Menno Rene Sappe, Cryo Store Founder and Chief Executive Officer.

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