Sartorius Closes Acquisition of TAP Biosystems
Sartorius successfully completed its acquisition of UK company TAP Biosystems Group plc. The cash offer made through Sartorius’ wholly owned subsidiary Sartorius Stedim Biotech valued TAP Biosystems Group plc at approximately €33 million and had been approved by TAP Biosystems’ shareholders on November 21, 2013.
The takeover of TAP Biosystems Group plc will enable Sartorius to further extend its bioprocess portfolio in the area of fermentation, especially in the early phases of product and process development. Founded in 1987, the company headquartered in Royston, UK, generated sales revenue of approximately €26 million in 2012/2013 and employs around 160 people worldwide.
Source: The Sartorius Group