Genus Completes Acquisition Of Sygen02 December 2005
UK - On 2 December 2005, Genus plc completed the acquisition of Sygen International plc. The acquisition transforms Genus into the largest animal genetics company in the world, with sector leading positions in cattle, pigs and shrimps.
A prime objective of the acquisition is to put together the R&D activities of the two companies, to increase the prospects of producing future genetic products in line with customer's ever more sophisticated demands, which themselves are driven by increasing economic, welfare and environmental pressures.
There will be no changes to interfaces with customers, who will continue to be visited by their current contacts in Genus ABS (cattle), PIC (pigs) and SyAqua (shrimps).
Richard Wood, CEO of Genus, says:-
"I am delighted we have been able to complete the acquisition of Sygen, a company with a superb reputation, both for its genetics products and the quality of its staff and the service they provide".
"I believe the acquisition is in the best long term interests of customers and staff of both companies, through providing continuity in their day to day dealings with each other and participation in a larger company. The combined company will be better placed to pursue R&D objectives to meet future customer needs and to provide enhanced employment opportunities for staff."
Source: Genus - 2nd December 2005