trending Market Intelligence /marketintelligence/en/news-insights/trending/gvesudfuxb2_ldaxtpbtxq2 content esgSubNav
In This List

BioLife Solutions ups stake in Savsu Technologies with $5M investment

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Investment Research Analysts Providing Greater Coverage on Inflation


BioLife Solutions ups stake in Savsu Technologies with $5M investment

BioLife Solutions Inc. made a $5 million investment in Savsu Technologies Inc., increasing its ownership stake in the company to about 44% from 31%.

Albuquerque, N.M.-based Savsu Technologies manufactures hardware and software solutions designed to protect live cell therapies during transport and storage. The company will use the investment to upscale its operations and inventory.

The investment deal gives Bothell, Wash.-based BioLife an 18-month option to purchase the remaining stake in Savsu not already owned by the company by either issuing 1 million of its stock or shares worth $23 million, whichever is greater.