Biotage acquires Horizon Technology and strengthens its position in environmental and food safety
Stockholm – Biotage AB (Biotage), (NASDAQ OMX Stockholm: BIOT.ST) has today entered into an agreement to acquire all outstanding shares in the privately held company Horizon Technology, Inc. (Horizon) based in New Hampshire, US, at a purchase price of approx. USD 18.4 million, corresponding to approx. SEK 153 million[1], based on an enterprise value of approx. USD 16.4 million and cash of approx. USD 2 million. The purchase price will be adjusted for actual net cash at the closing date. Horizon is a successful provider of systems and consumables for separation in, among other areas, water