DIAB Managing Director Glen Payne said he was delighted the business co-founded by his parents, David and Anne Payne in 1970, had attracted a buyer of BGC Contractings size and stature.
The acquisition deepens our service offering, with DIABs specialist capabilities including construction, industrial maintenance, manufacturing, and equipment hire.
Swedish private equity investor Ratos AB (OMX Stockholm:RATO A)(OMX Stockholm:RATO B) said on Monday (2 February) that it has agreed to acquire a further 48% of the share capital of its associated company, DIAB.
The SEK400m deal with 3i will increase Ratos' holding in DIAB to a total of 96%.
DIAB, based in Laholm, Sweden, is one of the world's largest developers and manufacturers of core materials for composite structures.
all patent rights for use of DIAB II that arise from this new patent .
This further strengthening of patent protection for DIAB II combination therapies will mean that major pharmaceutical firms marketing any form of standard treatment of Type II Diabetes will want to look closely at the possibility of developing new proprietary combinations with DIAB II as a key component.
Bilim's very extensive manufacturing experience may also prove important for expediting the supply of DIAB
II to the Turkish market and to some of the export markets into which Bilim regularly sells pharmaceutical products," Mr.
We believe that the extensive regulatory experience that Micrometrix brings to our partnership will be invaluable for guiding our DIAB
II regulatory application and that our partner's manufacturing capabilities will enhance our prospects for a timely launch of DIAB
II in Mexico," Rieveley said.