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New Deal


Announced

Advanced Instruments to acquire SAL Scientific.

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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Biotechnology

Cross Border

United Kingdom

Friendly

cell biology

Acquisition

Single Bidder

Majority

Pending

Private

Synopsis

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Advanced Instruments, a manufacturer of analytical instruments and services for bioprocessing, agreed to acquire SAL Scientific, a developer of mammalian cell biology reagents for research and drug discovery workflows. Financial terms were not disclosed. "The addition of SAL Scientific aligns with our core strategy to invest in leading technologies that deliver significant customer value across the cell line development workflow. With SAL Scientific, we are investing to support customers in these workflows with these cell culture media supplements that provide improved cell growth, colony formation and cloning efficiency," Byron Selman, Advanced Instruments President and CEO.

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