REPLIGEN CORP acquires Atoll GmbH

REPLIGEN CORP acquired Atoll GmbH for ~$22.5 million total upfront ($9.1M cash + Repligen stock) plus a potential EUR 1.0M payment, a transaction completed in April 2016, structured as combination (cash plus stock) with contingent payment.

Atoll GmbH operates in Chromatography, is based in Weingarten, Germany, had revenue of about ~$3.0-$3.5 million projected annual revenue contribution. Acquisition of Atoll GmbH & Co. KG, maker of the MediaScout family of pre-packed chromatography products, broadening Repligen's portfolio and expanding its customer base, particularly complementing the OPUS pre-packed disposable chromatography column line.

Atoll's MediaScout product line and the synergies with Repligen's OPUS columns were the strategic driver; the deal broadened the chromatography portfolio and customer base.

Technology and market fit with OPUS; accelerating chromatography demand. Portfolio fit with OPUS pre-packed columns. Repligen Chromatography franchise

Atoll's MediaScout family of products is a market and technology fit for Repligen that complements our growing OPUS product line of pre-packed disposable chromatography columns.Tony J. Hunt, President and Chief Executive Officer, Repligen

The MediaScout product line has experienced accelerating demand over the last few years. The synergies with Repligen, and OPUS in particular, are clear.Martin Reuter, Managing Director, Atoll

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.