Time to cash it in ?
BDB Pitmans advises Novacyt UK Holdings on £12m acquisition of IT-IS International
28-10-2020
The BDB Pitmans corporate team has advised existing client Novacyt UK Holdings Limited (EURONEXT GROWTH: ALNOV; AIM: NCYT), an international specialist in clinical diagnostics, on its £12 million acquisition of the entire share capital of IT-IS International Limited, a diagnostic instrument development and manufacturing company.
The acquisition strengthens Novacyt’s position in the market and supports the longer-term growth opportunity for rapid near-patient testing as well as securing key IP and expanding the product offering and core capabilities in instrument manufacturing.
The BDB Pitmans team was led by Reading-based corporate partner Philip Weaver who was assisted by associate Michelle Gorman.
Philip Weaver comments: “The BDB Pitmans corporate team is delighted to continue working with Novacyt as it looks to reinforce its strategy and take advantage of the opportunity that COVID-19 has presented the company as it addresses a drive towards rapid, decentralised testing.
“Client relationships are built on understanding their objectives and ambitions, and we’re delighted to be part of Novacyt’s growth story.”
I tend to have a lie in on a Saturday.
https://www.thesun.co.uk/news/13009633/covid-saliva-test-before-xmas-15-mins/
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Who’s up for a little weekend fun? On Monday 5th October, we will be welcoming one of our followers into Novacyt’s marketing team! Can you guess who....? Identity will be revealed on Monday!! #NCYT