Biotrace acquires Target Diagnostica of Italy

Published: 14-Mar-2006

Manufacturer of industrial microbiology products, Biotrace International of Bridgend, UK, has purchased the remaining shares in Target Diagnostica for


Manufacturer of industrial microbiology products, Biotrace International of Bridgend, UK, has purchased the remaining shares in Target Diagnostica for £3300,000 in cash.

The MicroSafe Group based in Italy, was acquired by Biotrace in September 2005 and held 39% of Target. MicroSafe has now acquired the remaining 61% of Target's shares.

Based in Milan, Target distributes microbiology products, principally to the pharmaceutical, food and environmental industries and has worked closely with MicroSafe for a number of years. Target had revenues of Euro 2m (£1.4m) in 2005 and a pre-tax profit of €0.2m (£100,000).

Ian Johnson, ceo of Biotrace, said: "With this latest addition to the group, Biotrace is continuing to strengthen its position in Europe as a leading manufacturer and supplier of microbiology products to the industrial market."

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