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BioVendor Acquires Belgian Diagnostic Test Developer DIAsource ImmunoAssays.

MANews-(C)2009-2017

11 October 2017 - Czech Republic-based diagnostics group BioVendor - LaboratornA- medicA-na a.s. (BioVendor) has acquired 100% of the shares of Belgian diagnostic test developer DIAsource ImmunoAssays SA from the Australian stock listed company, Anteo Diagnostics (ASX: ADO), the group said.

Anteo Diagnostics had acquired DIAsource in January 2016.

DIAsource ImmunoAssays is a Belgian company specialised, since 30 years in the development, in manufacturing, sales and distribution of immunoassay tests and open instrumentation solutions for clinical medical diagnostics. It is based in Louvain-La-Neuve, south of Brussels, and employs 80 people.

The company is a provider in IVD market segments such as Vitamin D, ELISA and RIA assays, and produced double digit growth of both revenue and EBITDA over the last five years, for EUR 16.3m net trade sales income and EUR 3.4m EBITDA in 2016.

It has direct sales representation in Belgium, France and Spain and strong sales in Middle East, Asia, and South America. Its clinical diagnostics product catalog features over 190 ELISA and 140 RIA assays.

For BioVendor, the international company with headquarters in Brno, Czech Republic, this acquisition offers not only an extension with a broad panel of ELISA and RIA assays, antibodies and reagents for clinical diagnostics, but also direct sales presence in Belgium, France and Spain, and a worldwide network of over 100 sales and distribution partners in over 70 countries, thereby representing another important step towards internationalisation.

With DIAsource representing the largest acquisition to date, BioVendor continues its long-term plan of international expansion after previous acquisitions, in the three years since 2014, of ImmunoLab (Germany), ViennaLab Diagnostics (Austria), and Oxford Biosystems, following the previous acquisition of TestLine Clinical Diagnostics (Czech Republic).

DIAsource ImmunoAssays, based in Louvain-La-Neuve, Belgium, manufactures and sells manual kits and open automation for clinical diagnostics in more than 70 countries worldwide, both direct and via its worldwide network of distribution partners.

BioVendor group is an international diagnostics holding with headquarters in Brno, Czech Republic. It employs over 380 employees across 14 companies operating in six countries. BioVendor is 60% controlled by Consillium, the investment company of TomA A NA'mec, and 40% owned by Dr. Viktor RA-A3/4iAka, its founder and chairman.

Country: Belgium

Sector: Healthcare

Target: DIAsource ImmunoAssays SA

Buyer: BioVendor - LaboratornA- medicA-na a.s.

Vendor: Anteo Diagnostics

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:4EXCZ
Date:Oct 11, 2017
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