Skip to main content
Home / News and Insights / News / BDB Pitmans advises Novacyt UK Holdings on its £12 million acquisition of IT-IS International
29 October 2020

BDB Pitmans advises Novacyt UK Holdings on its £12 million acquisition of IT-IS International

The BDB Pitmans corporate team has advised existing client Novacyt UK Holdings Limited (EURONEXT GROWTH: ALNOV; AIM: NCYT) an international specialist in clinical diagnostics, on its £12 million acquisition of the entire share capital of IT-IS International Limited, a diagnostic instrument development and manufacturing company.

The acquisition strengthens Novacyt’s position in the market and supports the longer-term growth opportunity for rapid near-patient testing as well as securing key IP and expanding the product offering and core capabilities in instrument manufacturing.

The BDB Pitmans team was led by Reading-based corporate partner Philip Weaver who was assisted by associate Michelle Gorman.

Philip Weaver comments:

‘The BDB Pitmans corporate team is delighted to continue working with Novacyt as it looks to reinforce its strategy and take advantage of the opportunity that COVID-19 has presented the company as it addresses a drive towards rapid, decentralised testing.
Client relationships are built on understanding their objectives and ambitions, and we’re delighted to be part of Novacyt’s growth story.’

Related Articles

Our Offices

London
One Bartholomew Close
London
EC1A 7BL

Cambridge
50/60 Station Road
Cambridge
CB1 2JH

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

 

Reading
The Anchorage, 34 Bridge Street
Reading RG1 2LU

Southampton
Grosvenor House, Grosvenor Square
Southampton SO15 2BE

  • Pay my invoice
  • Lexcel
  • CYBER ESSENTIALS PLUS

© BDB Pitmans 2020. One Bartholomew Close, London EC1A 7BL - T +44 (0)345 222 9222