REPLIGEN CORP acquires TangenX Technology Corporation

REPLIGEN CORP acquired TangenX Technology Corporation for EUR 37.0 million (~USD 39.0 million), all cash, a transaction completed in December 2016, structured as all cash.

TangenX Technology Corporation operates in Filtration, is based in Shrewsbury, Massachusetts, USA, had revenue of about ~$7.0-$7.5 million projected annual revenue contribution. Acquisition of TangenX Technology Corporation, adding innovative single-use, flat-sheet tangential flow filtration (TFF) cassettes (the SIUS line) to Repligen's filtration portfolio.

TangenX's single-use TFF cassette technology aligned with Repligen's focus on technological innovation and expanded its filtration offering.

Single-use TFF cassette technology complementing the filtration franchise. Filtration portfolio expansion. Repligen Filtration franchise

Our commitment to delivering high value and flexible TFF solutions to the bioprocessing industry is closely aligned with Repligen's focus on technological innovation.John Connors, President, TangenX

Advisory firms were not disclosed for this transaction.

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