Ardian-backed Masco Group completed the acquisition of Techniserv.

Ardian-backed Masco Group, an integrated technology solutions provider, completed the acquisition of Techniserv, a biopharmaceutical equipment systems manufacturer. Financial terms were not disclosed. “This acquisition significantly increases both the capacity and the range of technologies we can offer our clients and A&E partners. With Techniserv joining Olsa and BCD, we now manufacture process equipment in Italy, Ireland and the United States. Just as importantly, Techniserv brings a strong US-based service team, giving us local presence and the ability to respond to our clients faster and more effectively. Together, we are now among the largest international players in upstream and downstream processing, with the scale and expertise to support biopharma manufacturers globally,” Richard Keays, Masco Group CEO of Process Business Unit.