spot_img
Sunday, January 29, 2023
spot_img

Garrigues counsels Vitro on the sale of Cytognos to BD

Garrigues has advised Vitro, a privately held company headquartered in Seville, Spain, on its sale of Cytognos to Becton Dickinson and Company (BD)

-

Cytognos is a company specialising in flow cytometry solutions for blood cancer diagnosis, minimal residual disease (MRD) detection, and immune monitoring research for haematological diseases. Cytognos’ employees joining BD as a result of the acquisition will continue to support employment stability in the Salamanca area in Spain. 

Vitro has been a long-term investor in Cytognos since 1996, taking a majority stake in the company in 2018 to create a full platform player that integrates and commercialises flow cytometry reagents, hardware, and software. This add-on investment was Vitro’s first since GED Capital’s majority investment in the company in June 2017. Cytognos has since evolved into a full platform player in the clinical flow cytometry market.

“This important transaction with a leading global IVD company positions Vitro as a major player in the high-tech hospital diagnostics sector, which will be followed by the communication of other key corporate and technological achievements related to our molecular biology and anatomical pathology platforms,” said Javier Fernandez, CEO of Vitro.

The terms of the deal have not been disclosed.

Garrigues’ team was led by partner Ildefonso Polo and senior associate Beatriz Gimeno.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Jones Day announces new Corporate leadership

As practice leaders, they will coordinate and oversee the firm's transactional work worldwide, including both the firm's M&A and Private Equity subpractices. These appointments,...

Linklaters advises IVIRMA on its €3bn sale to KKR

The US fund has signed the acquisition of the Spanish company, a world leader in infertility treatments, eleven months after the transaction was announced,...

BDO adds Legal Ops manager from KPMG

Ana Burbano joins BDO Spain from KPMG´s Legal Operations & Transformation Services (LOTS) area. She is a specialist in Legal Tech and digital transformation...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
error: