IMSPEX Diagnostics Ltd and Jinan Hanon Instruments Ltd announce the acquisition of a strategic controlling interest by the Chinese company in the Welsh technology start-up.

Undisclosed consideration representing a several times multiplier on IMSPEX’s initial funding round

Significant return for IMSPEX investors, plus involvement in business going forward

Access to Chinese market for IMSPEX’s high-tech products

IMSPEX Diagnostics Ltd. (IMSPEX), the UK analytical instrumentation provider owner of 90% of GAS GmbH (www.gas-dortmund.de) announced today a strategic agreement with Jinan Hanon Instruments Ltd. (HANON), a leading Chinese manufacturer of analytical chemistry instrumentation based in Jinan, Shandong Province, China.

In virtue of this agreement, HANON has acquired a controlling interest in IMSPEX’s share capital, which also gives it control of IMSPEX’s subsidiary, GAS GmbH. In addition, the parties expect to explore significant synergies in the Research, Developmen