trending Market Intelligence /marketintelligence/en/news-insights/trending/-6PUgIv99KvTOrJWN3YGiw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

BioLife Solutions closes acquisition of Savsu Technologies

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


BioLife Solutions closes acquisition of Savsu Technologies

BioLife Solutions Inc. has completed its acquisition of a 56% stake in Albuquerque, N.M.-based Savsu Technologies Inc.

As part of a share exchange agreement, Bothell, Wash.-based BioLife exercised an option to purchase the stake in Savsu Technologies, which develops containers and software solutions for protecting live cell therapies during transport and storage, with the issuance of 1.1 million common shares.

BioLife had increased its stake in Savsu to about 44% from 31% in September 2018.

Following the acquisition of Savsu, cell and gene therapy tools manufacturer-BioLife expects a modest revenue contribution of about $500,000 for the rest of 2019, BioLife CFO Roderick de Greef said.

De Greef noted that the company expects Savsu's evo product line of cold storage systems to contribute $4 million to $6 million of incremental revenue in 2020.