BioGenes announces management buy-out
The MBO will support future growth by driving innovations for customers and building new strategic partnerships to further expand market position as a leader in host cell assay development.
BioGenes has acquired all outstanding shares from its existing shareholders GUB Unternehmensbeteiligungen GmbH & Co. KGaA and VC Fonds Berlin GmbH for an undisclosed price. The management team consisting of the two founders Dr Alexander Knoll and Dr Sergej Ovodov have taken over these shares in a management buy-out (MBO). The acquisition was been finalized on 31 October 2015.
Dr Alexander Knoll, Managing Director of BioGenes said: "We are delighted to have reached an agreement with the previous shareholders and we would like to take the opportunity to thank them for their loyalty. With their support, BioGenes has been growing strongly over the last years. The MBO will support our future growth strategy by driving innovations for customers and building new strategic partnerships with the aim to further expand our market position as a leader in host cell assay development."
Dagmar Schwertner, Marketing Director of BioGenes said: “BioGenes is known as a trusted and experienced expert in immunoassay, 2D electrophoresis and antibody development and we intend to continue systematically down the path we have started on. High quality standards throughout the whole value chain will of course be ensured in the years ahead.”
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