M&A

Global leader in R&D sample stability and biorepository storage Astoriom has announced the acquisition of both MTS Cryo Stores and Cool Repair Scientific UK (both Nottingham, UK). The news follows its acquisition of US-based Flagship Bioscience’s biorepository operations in North Carolina, US, also announced this month.

Astoriom has over 30 years of expertise in sample and biorepository storage as well as validation services, and disaster protection and recovery. This acquisition adds an additional 30 years of experience as the two UK-based acquired companies service numerous industries, including pharma companies, biobanks, hospitals and research institutions. Similarly, the North Carolina acquisition further increases Astoriom’s offerings in the US. The acquisitions were supported by UK-based private equity firm, Limerston Capital.

Recently appointed CEO of Astoriom, Lori A Ball, commented, “MTS Cryo Stores and Cool Repair Scientific UK bring invaluable expertise and innovative technologies that perfectly complement our existing high-quality R&D sample stability storage solutions. Their industry knowledge and cutting-edge practices will not only strengthen our current capabilities but also allow us to explore new avenues for growth and innovation.”

She continued, “As we continue to evolve, Astoriom is poised to lead the way in biorepository services. This acquisition enables us to deliver even greater value to our customers, supporting their research and innovation projects to the highest possible standard.”