A Hampshire life scientific research company has been gotten by an international service provider of clinical and logical instruments in the US.
SAL Scientific, of Fordingbridge has actually been acquired by the Boston-based firm Advanced Instruments for an ‘unrevealed amount’.
SAL, based at Glasshouse Studios on the edge of the New Woodland, is an exclusive company supplying cell biology products and services to organisations that use animal cells in their study and medication discovery operations.
Advanced Instruments is a significant worldwide life scientific researches company supplying solutions to the biotechnology, pharmaceutical, scientific and also food & drink industries and also a leading maker of logical instruments and also services for bioprocessing.
Azets, local book-keeping and also expert organization advisor to SMEs, had partner Rob Holmes as well as associate director Louis Nutland, both Winchester based, working on the bargain.
Mr Nutland said: “SAL Scientific serves pharmaceutical and biotech business and also research institutions across Europe from its state-of-the-art facility, performing essential work which provides affordable boosts in efficiency for customers.
” We were honoured to have been advised to advise the founder shareholders of SAL on the sale of their business to Advanced Instruments, which has allowed Advanced Instruments to broaden on its reagent know-how and dedication to sustain consumers in bioprocess process.
” It has actually been an enjoyment to collaborate with the sellers as well as law practice Paris Smith on this multi-faceted bargain.”
Companion Richard Atcherley and also solicitor Sophie Dipper, both based at the Southampton office of law practice Paris Smith, encouraged SAL shareholders on lawful issues.
Mr Atcherley said: “Sophie as well as I genuinely delighted in representing the founder investors on the sale of SAL Scientific to Advanced Instruments. SAL Scientific has developed a solid reputation in the life sciences sector and has actually established market leading products.
” We are delighted that the shareholders were able to attain a successful exit to Advanced Instruments”
SAL Scientific establishing supervisor Steve Game claimed: “The solution given by both Azets and also Paris Smith was first-class: we were really satisfied by the knowledge, professionalism and trust and responsiveness of the members of the respective groups.
” Azets and Paris Smith worked very well together and we are very thankful for the advice offered throughout the process.”
Hello! My name is Jarod P. Macdonald. I’ve been a journalist at the Hampshire Daily News, in Southampton, England, UK, for 12 years. I’m originally from New York, but I moved to England to pursue my journalism career. I love writing stories that make a difference in people’s lives, and I’m so grateful to have the opportunity to do what I love for a living.
