Porvair PLC Acquisition of Kbiosystems Limited (4278Q)
26 Febbraio 2021 - 8:00AM
UK Regulatory
TIDMPRV
RNS Number : 4278Q
Porvair PLC
26 February 2021
26 February 2021
Porvair plc ("Porvair" or "The Group")
Acquisition of Kbiosystems Limited
Porvair, the specialist filtration, laboratory and environmental
technologies group, is pleased to announce the acquisition of
Kbiosystems Limited ("Kbiosystems").
Kbiosystems is based in Basildon, UK and specialises in the
design and manufacture of laboratory instruments, with particular
expertise in automated microplate handling systems. On 25 February
2021, the Group acquired 100 per cent. of the share capital of
Kbiosystems, which reported revenue of GBP3.8 million in the year
ended 31 March 2020.
Kbiosystems will continue to operate from its existing premises
and will be integrated into the Group's Laboratory division.
Commenting on the acquisition, Ben Stocks, Chief Executive,
said:
"We are delighted that Kbiosystems has joined the Group. We have
known the business for many years and there is a good fit between
our laboratory consumables business and Kbiosystems instrument
automation expertise. Together the businesses have a compelling
offering for laboratories seeking to automate their sample testing
processes."
For more information, contact:
Porvair plc
Ben Stocks, Chief Executive 01553 765 500
Chris Tyler, Group Finance Director 01553 765 500
Buchanan Communications 0207 466 5000
Charles Ryland /Stephanie Watson
Notes to Editors
Porvair is a group of specialist filtration, separation and
environmental technologies businesses. Its products are used in a
range of niche filtration and separation markets, and are derived
from its expertise in the design and manufacture of filtration and
separation systems. It is organised into three divisions: Aerospace
& Industrial; Laboratory; and Metal Melt Quality.
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END
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