Merck KGaA Acquires Bioscience Company in India
13 Oktober 2009 - 7:30AM
Business Wire
Merck KGaA announced today the acquisition of Bangalore Genei
(India) Private Ltd. (BGIP) by its wholly owned subsidiary in
India, Merck Specialities Private Ltd., from the Sanmar Group. By
combining BGIP's activities with Merck's existing bioscience
business, Merck will become one of the leading bioscience companies
in India.
BGIP is located in Bangalore and specializes in the development,
production, marketing and sales of products for proteomic and
genomic research. With more than 100 employees, the company
generated total revenues of INR 202m (€ 3.0 million) in fiscal year
2008/09.
Christina Shasserre, Global Head of Merck's bioscience business,
commented: "BGIP’s leadership in the Indian academic market, a
segment with high growth potential, will ideally complement our
existing customer base. BGIP’s product portfolio comprises a wide
range of bioscience products, which are tailored to the needs of
the domestic market in India."
About Merck Laboratory Chemicals
Merck is one of the world’s leading suppliers of laboratory
chemicals to research, teaching and industrial establishments,
offering an extensive range of products suitable for analytical
chromatography, microbiology, food testing, environmental analysis
and pharmaceutical research. It also produces reagents for
analytical and general applications as well as solvents, salts,
acids, alkalis and organic chemicals. Merck caters a wide variety
of laboratory requirements, providing its customers with specific
solutions that allow them to operate their laboratories safely and
efficiently. More information about the range of products offered
by Merck can be found at http://www.merck4biosciences.com
About Merck
Merck is a global pharmaceutical and chemical company with total
revenues of € 7.6 billion in 2008, a history that began in 1668,
and a future shaped by approximately 33,000 employees in 60
countries. Its success is characterized by innovations from
entrepreneurial employees. Merck's operating activities come under
the umbrella of Merck KGaA, in which the Merck family holds an
approximately 70% interest and free shareholders own the remaining
approximately 30%. In 1917 the U.S. subsidiary Merck & Co. was
expropriated and has been an independent company ever since.
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