Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Biotage acquires US-based PhyNexus for USD 21.5m
December 4, 2018

Biotage, a Swedish-based biotechnology company, has acquired US-based company PhyNexus for USD 21.5m. PhyNexus has an innovative technology platform with patented pipette-based consumables. The acquisition will strengthen Biotage’s position within the biomolecules industry. PhyNexus reported a turnover of USD 3.1m and EBIT of USD -0.1 in 2017, corresponding to an EV/sales multiple of 6.9x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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