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News

Bio-Rad acquires DiaMed to extend diagnostics business

Bio-Rad Laboratories : 11 October, 2007  (New Product)
Bio-Rad Laboratories has completed the purchase of approximately 77.7 percent of the outstanding shares of DiaMed for approximately 477 million Swiss Francs.
DiaMed develops, manufactures, and markets a complete line of reagents and instruments used in blood typing and screening.

Founded in 1977 and based in Switzerland, DiaMed has annual sales of approximately $200 million to hospitals, clinical laboratories, and blood banks in more than 100 countries.

DiaMed has nearly 800 employees at various locations around the world.

'We are very pleased to have DiaMed join Bio-Rad,' said Norman Schwartz, Bio-Rad president and CEO. 'DiaMed has an exceptional reputation for quality and customer care, and we believe the company and its portfolio of products will fit in well with Bio-Rad's current diagnostics business.'
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