Sannuo Biotech plans to acquire US PTS company for US$110 million
Sannuo Bio said on May 3 that in order to realize the development strategy of Sanno Biosensing Co., Ltd. "Global Blood Glucose Monitoring Expert" and "Domestic Diabetes Management Expert", on April 29, the company plans to invest 110 million yuan. The US dollar acquired 100% of the US PTS company.
PTS is the world's leading provider of innovative POCT diagnostic equipment. Founded in 1992, it is headquartered in Indianapolis, Indiana, USA, and has research and development facilities in Sunnyvale, California. POCT is committed to providing professional diagnostic equipment for patients and healthcare providers, to help them get the right information at the right time and make the right judgments. The company's main products are CardioChek series of blood lipids, blood glucose analysis and monitoring equipment and A1CNow series of glycosylated hemoglobin (HbA1c) monitors. The product marketing network covers 135 countries and regions around the world.
Sannuo said that the acquisition will achieve a global development strategy, create a new global landscape, and hope to actively participate in the acquisition of the target company. If the acquisition of the overseas target company is successful, the company will make full use of its own cost advantages in the research and development of the blood glucose monitoring system and the sales advantages in the Chinese market to achieve resource sharing and complementary advantages with the target company's business, which can quickly occupy the global market. The important position can accelerate the company's new product development, thereby further enhancing the company's core competitiveness.
After the completion of the merger, Sannuo Bio will integrate the target company product line, Trividia product line and the company's own products in the future to jointly create a product portfolio covering diabetes and a variety of chronic diseases. After the implementation of domestic graded treatment, hospitals, primary care Diabetes and other chronic disease management in health care institutions and individuals provide integrated products and services while providing integrated chronic disease management solutions.
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