{"id":471617,"date":"2021-06-01T10:47:54","date_gmt":"2021-06-01T10:47:54","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=471617"},"modified":"2021-06-01T10:47:54","modified_gmt":"2021-06-01T10:47:54","slug":"adenia-acquires-east-africas-leading-life-sciences-distributor","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/06\/01\/adenia-acquires-east-africas-leading-life-sciences-distributor\/","title":{"rendered":"Adenia acquires East Africa\u2019s leading life sciences distributor"},"content":{"rendered":"
<\/div>

NAIROBI, Kenya, 1 June 2021\u00a0 \u2013 Adenia Partners, a private equity firm investing in Africa,\u00a0today announced it has completed the acquisition of Africa Biosystems Limited (ABL), a leading distributor of life sciences and clinical diagnostics equipment in East Africa. Financial terms of the deal were not disclosed.<\/p>\n

Established in 1999, ABL is headquartered in Kenya with subsidiary offices in Uganda and Tanzania. The Company\u2019s instruments are used to conduct research and diagnosis across the animal, human and crop sectors with product applications that span molecular, cell and protein biology and DNA forensics. ABL\u2019s customers fall into various end markets including government and non-governmental organizations, academic institutions, and the private sector.<\/p>\n

Adenia will work together with ABL to expand its operations in its core East African markets, with a focus on accelerating its installed base of scientific instruments.\u00a0Adenia will also help ABL establish a new management structure as well as improve its systems and processes to better capture opportunities in the life sciences market.<\/p>\n

\u201cAt a time when the life sciences market in East Africa is expected to grow significantly due to rising healthcare needs, we are excited to invest in ABL, which has built a strong reputation in the region with its exemplary service and technical know-how,\u201d said Martha Osier, Partner at Adenia. \u201cWe look forward to working together with the management team to capitalize on this growth, expand ABL\u2019s customer base and take the business to the next level.\u201d<\/p>\n

\u201cWe are thrilled to welcome Adenia as an investor and look forward to our next phase of growth. With their trusted guidance, we plan to deepen our commitment to developing the regional markets, while boosting awareness of our products and their applications within East Africa\u2019s life sciences sector,\u201d said Yasmin Verjee, said Managing Director and co-founder of Africa Biosystems.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

NAIROBI, Kenya, 1 June 2021\u00a0 \u2013 Adenia Partners, a private equity firm investing in Africa,\u00a0today announced it has completed the acquisition of Africa Biosystems Limited (ABL), a leading distributor of life sciences and clinical diagnostics equipment in East Africa. Financial terms of the deal were not disclosed. 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