Add-on Acquisition • Life Science

EKF Diagnostics Acquires Advanced Diagnostic Laboratory

On November 12, 2021, EKF Diagnostics acquired life science company Advanced Diagnostic Laboratory

Acquisition Context
  • This is EKF Diagnostics’ 1st transaction in the Life Science sector.
  • This is EKF Diagnostics’ 2nd transaction in the United States.
  • This is EKF Diagnostics’ 1st transaction in Texas.

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M&A Deal Summary

Date November 12, 2021
Target Advanced Diagnostic Laboratory
Sector Life Science
Buyer(s) EKF Diagnostics
Deal Type Add-on Acquisition

Target Company

Advanced Diagnostic Laboratory

San Antonio, Texas, United States
Advanced Diagnostic Laboratory is a PCR-focused testing laboratory certified under the Clinical Laboratory Improvement Amendments (“CLIA”) for high-complexity molecular diagnostics testing. Advanced Diagnostic Laboratory is based in San Antonio, Texas.
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Buyer Overview 1

Buyer

EKF Diagnostics

Cardiff, United Kingdom

Category Company
Founded 1990
Sector Medical Products
Employees303
Revenue 50M GBP (2024)
DESCRIPTION

EKF Diagnostics is an integrated medical diagnostics business. EKF designs and manufactures diagnostic equipment for use within point-of-care settings. EKF Diagnostics is also a manufacturer of liquid reagents used in central laboratory analysers and also sells a number of benchtop analyzers. EKF Diagnostics was incorporated in 1990 and is based in Cardiff, the United Kingdom.


Deal Context for Buyer #
Overall 3 of 3
Sector: Life Science 1 of 1
Type: Add-on Acquisition 3 of 3
State: Texas 1 of 1
Country: United States 2 of 2
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-20 Selah Genomics

Greenville, South Carolina, United States

Selah Genomics is a clinical diagnostic company that is rapidly growing at the cutting edge of molecular analysis and next generation sequencing (NGS), and is emerging as a leader in the development of personalized medicine.

Buy $70M