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bioMérieux Acquires Culture Media Specialist PML Microbiologicals08 December, 2008
bioMérieux’s recurring sales will be boosted by expanded reagent range
Marcy l'Etoile, France - December 8, 2008. bioMérieux, a world leader in the field of in vitro diagnostics has acquired PML Microbiologicals Inc., a leading provider of culture media and microbiological products in North America for both clinical and industrial applications. This privately held American in vitro diagnostics company has manufacturing and marketing teams based in Portland, Oregon and Toronto, Canada.
Founded in 1969, PML has 205 employees with 2007 sales of $24 million. The company has an extensive range of products for use in the clinical and pharmaceutical industries, holding proprietary technologies for innovative culture media. PML specializes in reagents, including prepared culture media (PPM) for sterility testing and environmental monitoring, as well as control organisms, which are complementary to bioMérieux’s offering.
The acquisition will enable bioMérieux to become a leading provider in the U.S. of microbiology testing solutionsfor pharmaceutical companies. In addition, bioMerieux will enter the North American clinical PPM market, becoming the number one PPM provider for clinical applications in Canada.
bioMérieux purchased 100% of PML Microbiologicals’ shares from the privately held Pelican Life Sciences Group, based in San Diego, California (U.S.A.) for the sum of $29.6 million.
Advancing Diagnostics to Improve Public Health
A world leader in the field of in vitro diagnostics for 45 years, bioMérieux is present in more than 150 countries through 39 subsidiaries and a large network of distributors. In 2007, revenues reached
€1.063 billion with 84% of sales outside of France.
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