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CIT acquires assets of LAB Research
April 27, 2011
Applied Biology Company (ABC), the holding company of France-based CRO CIT Safety & Health Research Laboratories (CIT), has purchased all of the assets of CRO LAB Research consisting of three facilities located in Canada, Denmark and Hungary.
Through the acquisition, the newly created CIT-LAB group becomes one of the top five preclinical CROs, with consolidated sales of $103 million and a staff of 830 spread over five sites in France (Evreux and Saint-Nazaire), Canada (Laval), Denmark (Lille Skensved) and Hungary (Veszprém).
The financial details of the agreement were not disclosed.Upcoming Events
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