Bridgepoint acquires LGC
LGC has been acquired by Bridgepoint in a transaction that is reported to value the business at £257 million.
LGC has been acquired by Bridgepoint in a transaction that is reported to value the business at £257 million.
LGC is the UK’s designated National Measurement Institute for chemical and biochemical analysis and is the host organization for the UK’s Government Chemist function.
The company also provides products and services for industries that include forensic science, pharmaceutical and biotechnology research, development and quality control, food chain and environmental surveillance and safety, life sciences and genomics.
Chief executive of the company, David Richardson, said in a statement that the announcement marks the start of a new building phase and an exciting future: 'We are delighted that, with Bridgepoint’s support, LGC will be well placed to enhance our market coverage and to continue our progress to becoming a world-leading scientific service business.'
Chris Busby, partner at Bridgepoint responsible for investments in the business services sector, added, “LGC is a leader with a strong service-based reputation in fragmented but growing markets, and we intend to support the company in consolidating its market position as it begins to make focused acquisitions to build scale in the UK and internationally.’
For more on LGC visit www.lgcstandards.com and for more on Bridgepoint visit www.bridgepoint.eu
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