November 17, 2006, IJsselstein/Hyderabad – Ocimum Biosolutions, a leading provider of laboratory information management systems (LIMS), bioinformatics solutions, Microarrays and contract research headquartered in Hyderabad, India, has acquired the BioMolecules synthesis business of Isogen Life Science based in The Netherlands.
Ms. Anuradha Acharya, CEO of Ocimum Biosolutions said “We are very pleased to have taken a significant step towards becoming a global oligo player with the Isogen acquisition. We will continue looking for targets in related areas to scale up our oligo production capability. This acquisition will also help us become a more integrated genomics services provider with three delivery points in Indianapolis, IJsselstein and Hyderabad.”
Mr. Hans Beijersbergen van Henegouwen, MD of Isogen Life Science said, “It is an excellent opportunity for the Biomolecules Division of Isogen Life Science to become a global player in this competitive business. The new business configuration will be much more flexible and will be able to play an important role in the vast growing demand for oligo nucleotides all over the world. Ocimum is the perfect partner for fulfilling a broad platform of needs in this market segment.”
Avendus Advisors was the sole financial advisor to Ocimum for the deal. Commenting on the transaction, Shiraz Bugwadia, A.V.P., Avendus Advisors “Ocimum is one of the few Indian players within the BioIT and microarrays space to have scaled up successfully over the last couple of years. Ocimum has also been successful at using the inorganic route to scale rapidly by acquiring niche good quality companies in Europe such as MWG Biotech’s division and now Isogen Life Science.”