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Nanalysis Acquires European NMR/MRI Company
Nanalysis Acquires European NMR/MRI Company Canada NewsWire CALGARY, Feb. 23, 20...
About this update from Nanalysis Scientific Corp
[{"type":"text","content":"\n\n\n\nNanalysis Acquires European NMR/MRI Company\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Feb. 23, 2020\n\n\n\nCALGARY, Feb. 23, 2020 /CNW/ - Nanalysis Scientific Corp. (Nanalysis, TSXV:NSCI, FRA:1N1) is pleased to announce that it has entered into a contract to acquire 100 percent of RS2D S.A.S. (RS2D), a global leader in next-gen electronics for MRI and NMR systems. Closing of the acquisition is scheduled for Thursday, February 27, 2020.\n\nRS2D is a technology company based in Strasbourg, France that designs and builds cutting-edge electronics components for precision analytical instruments, including medical and industrial MRIs, as well as both compact and full-sized NMR devices. For the last three years, RS2D has generated annual revenues of over €2.5 million per year. This acquisition diversifies Nanalysis' revenue profile and brings the company into the MRI and high-field NMR markets. The deal also improves the electronics and software technology platforms of existing Nanalysis products, establishes Nanalysis' European headquarters in a technology-focused region, and provides opportunities to access new sources of non-dilutive, non-repayable funding. \nSean Krakiwsky, founder and CEO of Nanalysis said, \"Merging with an experienced NMR leader, such as Rémy Schimpf, founder and President of RS2D, and his team, is a critical part of our strategy to build a fully vertically integrated NMR/MRI company focused on large-scale industrial solutions. This acquisition both increases and diversifies our revenue, is highly accretive on a revenue multiple basis, provides us with a world-class electronics technology platform that will increase the performance of our existing products, and enters us into exciting new high-growth markets.\n\"The teams at Nanalysis and RS2D recognize the complementary technologies and talents of each team. In addition to significant technology and revenue profile gains, one of the key synergies we expect to realize from this acquisition is the cross-pollination of people, skills...