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.
