News Article

Eurogentec Announces Agreement to Acquire AnaSpec, Inc.
Date: Oct 26, 2009
Source: Company Data ( click here to go to the source)

Featured firm in this article: AnaSpec Inc of San Jose, CA



Eurogentec S.A. announced a final agreement for the acquisition of AnaSpec Inc. AnaSpec is a provider of integrated proteomics solutions for life science research and diagnostics with expertise in peptides synthesis, labeled peptides and antibodies, fluorescent dyes and enzyme activity assays.

"Bringing AnaSpec into the Eurogentec Group is a strategic decision for our company," explains Jean-Pierre Delwart, CEO of Eurogentec. "Through this acquisition, Eurogentec becomes a leading integrated solution provider for the Life Science and Diagnostics sectors. Our combined expertise enables Eurogentec to provide innovative solutions in the fields of Genomics and Proteomics for basic research in the biotech and pharmaceutical sectors, as well as applied solutions in the diagnostics sector."

AnaSpec's founders and senior management, Anita and Frank Hong, will remain aboard the Company in leading roles in continuing to grow AnaSpec's businesses, further expanding the high value detection reagents focus and facilitating integration with Eurogentec. Eurogentec intends to maintain the Company's state-of-the-art Fremont facility, to which AnaSpec recently moved operations, and its employees.