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Bio-Techne to acquire privately held Quad Technologies

Bio-Techne Corp. entered an agreement to acquire privately held QT Holdings Corp. which does business as Quad Technologies.

Minneapolis-based Bio-Techne said the transaction is expected to close in early July and will be financed through cash. The company did not provide financial details of the transaction.

Beverly, Mass.-based QT Holdings offers technologies for cell separation and activation, which can be used for therapies and research purposes.

Fredrikson & Byron P.A. served as Bio-Techne's legal counsel, while Burns & Levinson LLP acted as legal counsel to Quad.