CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquires ChanTest
Snapshot
CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquired ChanTest for $59.3 million (including $0.3 million in contingent consideration) in October 2014. The transaction was structured as all cash. ChanTest is a United States-based Discovery and Safety Assessment (DSA) — Early Discovery business.
- Acquirer
- CHARLES RIVER LABORATORIES INTERNATIONAL, INC.
- Target
- ChanTest
- Value
- $59.3 million (including $0.3 million in contingent consideration)
- Date
- October 2014
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
CHARLES RIVER LABORATORIES INTERNATIONAL, INC. acquired ChanTest for $59.3 million (including $0.3 million in contingent consideration), a transaction completed in October 2014, structured as all cash.
ChanTest operates in Discovery and Safety Assessment (DSA) — Early Discovery, is based in United States. ChanTest was a leading provider of ion channel testing services to the pharmaceutical and biotech industry, augmenting Charles River's early discovery capabilities.
In October 2014, the Company acquired ChanTest, a leading provider of ion channel testing services to the pharmaceutical and biotech industry. The acquisition augments the Company's early discovery capabilities and enhances the Company's ability to support clients' target discovery and lead optimization efforts. The preliminary purchase price of the acquisition was $59.3 million.
Early Discovery business, DSA segment
No advisory firms have been disclosed for this transaction.