Euroapi: acquires Germany's Biano
(CercleFinance.com) - On Tuesday evening, Euroapi announced that it has completed the acquisition of Germany's Biano, an operation designed to strengthen its position in the fast-growing pharmaceutical contract manufacturing market (CDMO) and oligonucleotide segment.
The operation, which was made official this summer, is worth around E10m.
It is planned that Biano will retain its brand name, while becoming a subsidiary of Euroapi.
Biano's clients, whose activities focus on small-scale, early-stage (pre-clinical or Phase I), complex and customised projects, are located mainly in Europe and Asia.
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