The funds managed by Argos Soditic announce the acquisition, together with the management, of Cisbio Bioassays. This cutting-edge biotechnology company is the leader in the field of products and services for human in vitro diagnostics and pharmaceutical research.
Through this Management Buy-Out (MBO) operation Cisbio Bioassays becomes independent, with its spin-off departure from the Belgian group IBA.
The acquisition represents a major step forward in the history of Cisbio Bioassays. The company's 25 years of experience have given it a recognized position as a major player in the world of diagnostics and biotechnologies. The arrival of Argos Soditic opens up prospects for strategic growth, and will enable the company to strengthen its market positions. Confident in Cisbio Bioassays' assets, Argos Soditic is accompanying the management team in implementing its strategic plan, focused on innovation, the launching of new products and international development.
"Cisbio Bioassays is an innovative company, recognized for the quality of its services and products. It has the advantage of a remarkable international exposure, with over 85% of its turnover coming from outside France. The outstanding qualities of the management team, as well as the excellent company culture throughout Cisbio, have been crucial points in this takeover and in the implementation of a spin-off operation which proved to be particularly complex," declared Gilles Lorang, a partner in Argos Soditic.
"We unanimously welcome the participation of Argos-Soditic in our MBO," added Berthold Baldus, Cisbio Bioassays' CEO. "With their more than 20 years of investment experience, proven success with their funds, and their highly dedicated team, we feel well supported in reaching for our goal to be a recognized global leader in specialized diagnostic biomarkers and innovative solutions for the discovery of new therapeutic drugs."
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