B.R.A.I.N. Biotechnology Research And Information Network AG: BRAIN AG in concluding negotiations for takeover of majority stake of enzyme producer Biocatalysts Ltd.
B.R.A.I.N. Biotechnology Research And Information Network AG / Key word(s): Investment/Mergers & Acquisitions
BRAIN AG in concluding negotiations for takeover of majority stake of enzyme producer Biocatalysts Ltd.
Biocatalysts is a biotechnology company focused on the product development, production and distribution of speciality enzymes for various industries such as food and fine chemicals. BRAIN is a leading technology company in the field of industrial biotechnology, developing microorganisms, natural substances and enzymes for the industrial use.
The completion of the strategic acquisition of a majority stake in Biocatalysts is intended to accelerate product driven growth in attractive speciality enzyme markets, broaden the portfolio of the enzyme business of BRAIN and achieve synergies with respect to research and development as well as production and global distribution. After the expected completion of the transaction, Biocatalysts Ltd. will continue to operate under the current company name.
Biocatalysts Ltd. is profitable and generated revenues of approximately EUR 9.03 million* (£ 7.978 million) in the 2015/2016 financial year and. The revenue for the financial year 2016/17 is
* Average Exchange Rate of February 2018: 1 GBP = 1.132 EUR (Source: Oanda)
B.R.A.I.N. Biotechnology Research and Information Network AG (BRAIN AG; ISIN DE0005203947 / WKN 520394) is one of Europe's leading technology companies in the field of industrial biotechnology, the core discipline of Bioeconomy. As such, BRAIN identifies previously untapped, efficient enzymes, microbial producer organisms or natural substances from complex biological systems that can be put to industrial use. The innovative solutions and products developed by help of this "Toolbox of Nature" are successfully applied in the chemistry, the cosmetics and the food industries. BRAIN's business model is based on two pillars - BioScience and BioIndustrial. The BioScience comprises its frequently exclusive collaboration business with industrial partners. BioIndustrial comprises the development and commercialization of BRAIN's own products and active product components. Further information is available at www.brain-biotech.de/en.
This press release contains forward-looking statements. These statements reflect the current views, expectations, and assumptions of the management of BRAIN AG and are based on information currently available to the management. Forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. There are numerous factors which could influence the future performance by and future developments at BRAIN AG and the BRAIN group of companies. Such factors include, but are not limited to, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, and other factors. BRAIN AG does not undertake any obligation to update or revise any forward-looking statements.
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