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Date: 2010-05-20
Acquiring pharma company: Lonza (Switzerland)
Acquired biotech company: MODA Technology Partners (USA)
Amount: undisclosed
Terms of the agreement:
Other: News Release
Lonza announced that it has completed its acquisition of MODA Technology Partners. Through the additional offering of MODA technology, Lonza continues the strategic expansion of its Rapid Testing Solutions, Informatics platform in existing markets, such as the pharmaceutical arena, and allows entry into new market segments. MODA technology provides paperless, quality control solutions for regulated, manufacturing processes. The same user benefits that MODA technology provides can be applied to clinical trials, in-vitro diagnostics, food, beverage, environmental and industrial process
markets worldwide.
The implementation of MODA’s technology will begin at Lonza’s manufacturing locations globally. Going forward, customer sites will be fully supported through Lonza’s Global Solutions Support team, offering hands-on installation, accelerated validation as well as training services.