RE: Avacta-Abingdon link revived?19 Jan 2023 10:02
Abingdon has had its problems - being screwed by the government over contracts like other diagnostic companies were, which has caused forced redundancies, share price collapse, losses and everything else that has followed from that - but is it a bad business? Only Avacta will know whether Abingdon fits the bill and whether their management and staff (thinking of TT here) are competent. TT certainly took a lot long than planned, but do we know what caused the delay? No, we don't. However, as part of Avacta, Abingdon't first commitment would be to the Group over providing manufacturing for others.
Do I think a takeover of Abingdon is likely? Like everyone else outside Avacta's strategic management circle, I have no idea.