Genus PLC Completion of acquisition (0814J)
April 01 2015 - 2:00AM
UK Regulatory
TIDMGNS
RNS Number : 0814J
Genus PLC
01 April 2015
For Immediate Release 1 April 2015
Genus plc
Completion of the acquisition of 51% of In Vitro Brasil S.A.
Genus plc ("Genus"), a leading global animal genetics company,
is pleased to confirm that, further to the announcement on 16
February 2015, it has now completed the acquisition of 51% of In
Vitro Brasil S.A. ("IVB"), a leading biotechnology company focused
on the production of bovine embryos through in-vitro fertilisation
("IVF") and the provision of associated services.
IVB represents an excellent strategic fit with Genus's core
activities and is expected to strengthen Genus's global leadership
in the development and delivery of differentiated genetics in the
beef and dairy sectors through the introduction of IVF
technology.
- End -
For further information please contact:
Genus plc Tel: 01256 345970
Karim Bitar, Chief Executive Officer
Stephen Wilson, Group Finance Director
Buchanan Tel: 0207 466 5000
Charles Ryland
Sophie McNulty
This announcement is available on the Genus website
www.genusplc.com
About Genus
Genus creates advances to animal breeding and genetic
improvement by applying biotechnology and sells added value
products for livestock farming and food producers. Its technology
is applicable across all livestock species and is currently
commercialised by Genus in the dairy, beef and pork food production
sectors.
Genus's worldwide sales are made in seventy-five countries under
the trademarks "ABS" (dairy and beef cattle) and "PIC" (pigs) and
comprise semen and breeding animals with superior genetics to those
animals currently in production. Genus's customers' animals produce
offspring with greater production efficiency, and quality, and use
these to supply the global dairy and meat supply chain.
Genus's competitive edge has been created from the ownership and
control of proprietary lines of breeding animals, the biotechnology
used to improve them and its global supply chain, technical service
and sales and distribution network.
With headquarters in Basingstoke, United Kingdom, Genus
companies operate in over twenty-five countries on six continents,
with research laboratories located in Madison, Wisconsin, USA.
About IVB
IVB is the world's leading provider of IVF and associated
services to the livestock industry.
IVB was founded in 2002 to meet the growing demand for bovine
IVF services. Today IVB produces in excess of 250,000 bovine
embryos annually. IVB is headquartered in Mogi Mirim, Brazil, and
operates through wholly owned laboratories, joint ventures and
franchise agreements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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