TAKE Solutions to Acquire US based firms in ‘all cash deal’
Life sciences and supply chain management provider TAKE Solutions Friday said it would acquire two US-based entities in "an all cash deal" amounting to USD 72 million.
Chennai based company, in a filing to Indian stock exchanges said with the acquisition of KAI Research, it would acquire Phase II, III capabilities in North America adding to its current service offerings in Europe and Asia.
"KAI (Research) strengthens our therapeutic expertise mental health, musculoskeletal diseases and medical devices. The target has long standing relationships with clinical sites and trusted network of service providers", the company said om a BSE filing.
"The total consideration for this transaction shall be up to USD 27 million, including contingent payments, subject to certain financial miles...