EKF Diagnostics Holdings plc
("EKF", the "Company")
Further non-binding proposal
Further to the Company's announcements dated 18 August, 2015, EKF Diagnostics Holdings plc (AIM: EKF) announces that it has now received a second non-binding preliminary proposal from an unrelated third party to offer $115-125 million in cash for its Point-of-Care business (which excludes the Clinical Chemistry and Molecular Diagnostics businesses).
Enquiries:
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EKF Diagnostics Holdings plc |
Tel: 029 2071 0570 |
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David Evans, Executive Chairman |
Mob: 07740 084 452 |
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Julian Baines, CEO |
Mob: 07788 420 859 |
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Paul Foulger, CFO |
Mob: 07710 989 255
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Panmure Gordon (UK) Limited |
Tel: 020 7886 2500 |
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Robert Naylor (Corporate Finance) |
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Paul Fincham (Corporate Finance) |
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Walbrook PR Limited |
Tel: 020 7933 8780 or ekf@walbrookpr.com |
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Paul McManus |
Mob: 07980 541 893 |
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Lianne Cawthorne |
Mob: 07584 391 303 |
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About EKF Diagnostics Holdings plc - www.ekfdiagnostics.com
EKF Diagnostics Holdings plc was formed in July 2010 following the acquisition of EKF-diagnostic GmbH for €14.32m and refocused its strategy to one of building a substantial point of care diagnostics business. As part of this strategy, the Group has integrated three further acquisitions, Quotient Diagnostics Limited (acquired in September 2010), Argutus Medical Limited (acquired in December 2010) and Stanbio Laboratory L.P. (acquired in June 2011). In 2013 EKF established a new subsidiary, EKF Molecular Diagnostics Ltd, to focus on molecular and companion diagnostics and acquired 360 Genomics Ltd, a business that owns diagnostics technologies for cancer gene detection.
The Company, with its head office in Cardiff and operations in London, Germany, Poland, Russia, Ireland and the US, is a leading diagnostics business, focussing on the development, production and distribution of chemical reagents and analysers for the testing of Glucose, Lactate, Haemoglobin, Haematocrit and HbA1c.
In March 2011 EKF entered into a distribution agreement with Alere Inc ("Alere"), a global diagnostics company, under which Alere was appointed the exclusive distributor of EKF's CLIA waived Hemo Control device and cuvettes in the US, Canada and United Kingdom. The device is distributed in the US under the name HemoPoint H2.
In March 2014, EKF acquired Separation Technology, Inc., a Florida based manufacturer of in vitro diagnostics devices for the haematology testing market. In April 2014, EKF completed the acquisitions of Selah Genomics Inc., a US based developer of molecular diagnostics for personalised medicine and DiaSpect Medical AB., a Swedish based manufacturer of point-of-care haemoglobin analysers.