Bio-Techne to acquire Novus Biologicals

3 July 2014

USA-based Techne Corp (Nasdaq: TECH; d/b/a Bio-Techne) has acquired Novus Biologicals for $60 million in cash. The transaction was financed with cash on hand.

Novus Biologicals is a Littleton, Colorado-based supplier of a large portfolio of both outsourced and in-house developed antibodies and other reagents for life science research. Its collection of greater than 250,000 high-quality products delivered through an innovative digital commerce platform provides customers a unique, one-stop shopping experience.

Bio-Techne is a leading developer and manufacturer of purified proteins - notably cytokines and growth factors, antibodies, immunoassays and biologically active small molecule compounds which are sold to biomedical researchers and clinical research laboratories. Novus Biologicals is an excellent complement to the expanding Bio-Techne portfolio of products and its addition is consistent with Bio-Techne's overall goal of providing customers the most comprehensive product line for their research needs.

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