M&As this week: Thomas Scientific, Guangzhou Kingmed Diagnostics Group, Zhejiang Jianfeng Group

26 January 2018 (Last Updated January 25th, 2018 11:00)

Thomas Scientific LLC has acquired Denville Scientific Inc from life science research company, Harvard Bioscience Inc, for $20m.

Thomas Scientific LLC has acquired Denville Scientific Inc from life science research company, Harvard Bioscience Inc, for $20m.

Based in the US, Thomas Scientific is a distributor of medical equipment and instruments, while Denville Scientific, also based in the US, is a life science equipment and consumables provider.

Thomas has simultaneously entered another definitive merger agreement to acquire US-based life science research company Data Sciences International Inc (DSI) for $70m.

The acquisition will enable Thomas Scientific to strengthen its infrastructure and provide better services to its customers.

“The acquisition will enable Thomas Scientific to strengthen its infrastructure and provide better services to its customers.”

Chinese company Guangzhou Kingmed Diagnostics Group Co Ltd plans to acquire 50% stake in a gene testing company named DRA Company Limited for CNY150m ($23.43m).

Zhejiang Jianfeng Group Co Ltd plans to acquire 55% stake in a company based in Shanghai for CNY111.3m (17.39m).

Based in China, Zhejiang Jianfeng Group is a pharmaceutical products manufacturer and retailer.