A firm which develops medical testing products has been acquired by a Swedish firm. HistoCyte Laboratories has agreed a takeover with Stockholm firm Atlas Antibodies AB.
The Newcastle company was set up in 2014 by Colin Tristram and Ian Milton.
The company has expanded as the use of cell line controls has increased. They employ 10 people at the Neon building at Quorum Business Park.
It has grown rapidly in recent years as the use of cell line controls has increased, and moved to a new site at the Neon building at Quorum Business Park.
Colin Tristram said: “We are excited to join Atlas Antibodies to enable us to take HistoCyte Laboratories’ offering into its next phase of growth.
“Listening to the market’s needs, we have expanded our product range rapidly.
“Working with Atlas Antibodies, who recognized our experience and share this ethos, is a natural fit. We can readily capitalize on the product synergies, so this is a very exciting opportunity that we are looking forward to driving.”
John Daicic of Atlas Antibodies said: “We at Atlas Antibodies are delighted to develop this close partnership with the HistoCyte Laboratories team.
“Atlas Antibodies’ unique proteome-wide portfolio of antibody reagents will, in synergy with HistoCyte Laboratories’ novel cell line controls, provide a powerful set of tools to researchers and clinicians working to understand and diagnose some of the most challenging health issues of our time.”