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The Guardian - UK

Business

Mark Sweney

UNCOVERED: Staffordshire based instem bought by private equity group for 203m | History Defined

Staffordshire Abcam Danaher New-York United Kingdom

Instem provides IT services used in drug development for the global life sciences market. — Instem provides IT services used in drug development for the global life sciences market. Photograph: David Davies/PA

London-listed Instem has been taken private in a £200m deal marking the second British life sciences company this week to be snapped up as foreign buyers target the UK for cheap takeover deals.

The Staffordshire-based company, which provides IT services used in drug development for the global life sciences market, has been acquired by French healthcare-focused private equity group Archimed SAS for £203m.

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