DGAP-News: SYGNIS AG / Key word(s): Miscellaneous
06.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
SYGNIS completes integration of acquired companies’ products and services under Expedeon brand name
– Innova Biosciences, Expedeon Holdings, and C.B.S. Scientific now fully integrated and operating under the Expedeon brand name, effective 1 March 2018
– Strong sales and marketing team unified in SYGNIS’ existing facilities in Cambridge, UK
– Expedeon’s combined offering comprises complementary products and services spanning the complete customer workflow in genomics and proteomics
Heidelberg, Germany and Cambridge, UK, 6 March 2018 – SYGNIS AG (Frankfurt: LIO1; ISIN: DE000A1RFM03; Prime Standard), today announced its subsidiaries Innova Biosciences, Expedeon Holdings, and C.B.S. Scientific have united as Expedeon, effective 1 March 2018. The corporate rebranding follows the latest acquisition of Innova Biosciences by SYGNIS AG in June 2017. SYGNIS AG will continue to serve as the parent company and legal entity.
The corporate integration under the Expedeon brand name enables all organisations to take advantage of broad international sales and distribution networks, as well as in-house expertise and e-commerce channels. Customers will benefit from a larger sales footprint, service and support personnel in North America, Europe and Asia. Expedeon serves the genomic, proteomic and immunology research markets, which represent an opportunity approaching $ 100 billion worldwide. The SYGNIS Group has laboratory facilities and commercial sites in the UK, USA, Singapore, Germany and Spain, and a highly skilled workforce of over 100 employees worldwide.
Dr. Heikki Lanckriet, CEO and CSO of SYGNIS, said: “The successful execution of our ‘Grow, Buy and Build strategy’ has significantly enhanced our existing product portfolio, as well as our sales and marketing capacities. With the corporate rebranding, we bring together the Group of companies as Expedeon, in line with our vision to establish our position as a global brand for innovative reagents and services in the life sciences and diagnostics industries. The full integration of the Group supports this vision, and we are excited to continue moving the Company forward.”
The combined Expedeon product portfolio now comprises a wide range of complementary products and services to support the genomic, proteomic and immunology markets. As a fully integrated Company, Expedeon will continue to work toward increasing its market share with a growing range of cutting-edge tools and services to further benefit the research community worldwide. The combined product offering is accessible via the newly launched website www.expedeon.com.
For further information, please contact:
MC Services AG (Investor Relations and International Media Relations)
Zyme Communications (Trade and UK Media Relations)
About SYGNIS AG: www.sygnis.com
### This publication is intended for information only and constitutes neither an offer to sell nor an invitation to buy securities. Some statements included in this press release, relating neither to proven financial results nor other historical data, should be viewed as forward-looking, i.e. not definite. Such statements are mainly predictions of future results, trends, plans or goals. These statements should not be considered to be total guarantees since given their very nature they are subject to known and unknown risks and imponderability and can be affected by other factors as a consequence of which the actual results, plans and goals of SYGNIS AG may deviate greatly from the established conclusions or implied predictions contained in such statements. SYGNIS does not undertake to publicly update or revise these statements in the light of new information or future results or for any other reason. ###
06.03.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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