Merck KGaA's Indian subsidiary acquires Bangalore Genei

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Oct 13 2009

Merck KGaA announced today the acquisition of Bangalore Genei (India) Private Ltd. (BGIP) by its wholly owned subsidiary in India, Merck Specialities Private Ltd., from the Sanmar Group. By combining BGIP's activities with Merck's existing bioscience business, Merck will become one of the leading bioscience companies in India.

BGIP is located in Bangalore and specializes in the development, production, marketing and sales of products for proteomic and genomic research. With more than 100 employees, the company generated total revenues of INR 202m (€ 3.0 million) in fiscal year 2008/09.

Christina Shasserre, Global Head of Merck's bioscience business, commented: "BGIP’s leadership in the Indian academic market, a segment with high growth potential, will ideally complement our existing customer base. BGIP’s product portfolio comprises a wide range of bioscience products, which are tailored to the needs of the domestic market in India."

http://www.merck.de/en/index.html

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