Date: 2011-04-12
Type of information: Company acquisition
Acquired company: LAB Research (Canada)
Acquiring company: CIT (France)
Amount: undisclosed
Terms: Applied Biology Company, the holding company of CIT Safety & Health Research Company ("CIT"), and LAB Research Inc have reached an agreement setting forth the financial terms outlining the purchase of substantially all of Lab Research's assets, which include its three facilities located in Canada, Denmark and Hungary.
Details: Once the transaction is completed, the new CIT-LAB group would become one of the top 5 preclinical CRO, with aggregate sales of US$97 million (€70 million) and 800 staffs located in four centers (France, Canada, Denmark and Hungary).
Related: CRO
Preclinical research
