Headquartered in Jena, Germany, QInstruments was founded by CEO Olaf Simmat and Christian Stange in 2003. It’s a developer, manufacturer and supplier of advanced sample preparation automation for clinical diagnostics and biomedical and life science research.
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Erik Gatenholm is the CEO of BICO Group. [Photo courtesy of BICO]
BICO Group has a deal to acquire QInstruments for $71 million, the life sciences holding company said Friday.Headquartered in Jena, Germany, QInstruments was founded by CEO Olaf Simmat and Christian Stange in 2003. It’s a developer, manufacturer and supplier of advanced sample preparation automation for clinical diagnostics and biomedical and life science research.
BICO plans to close the deal “as soon as reasonably possible,” according to a news release. QInstruments will operate as a standalone company in BICO’s bioautomation business area to strengthen BICO’s ability to improve workflows for its other subsidiaries and customers.
“Our team invents user-friendly and intuitive systems that enable multidisciplinary research in a cost and time efficient manner,” Simmat said in the news release. “With BICO, we share a common vision o…