Arctoris completes acquisition of Eli Lilly ‘Life Science Studio’ laboratory to expand its automated drug discovery platform
Sep 12, 2024•over 1 year ago
Acquiring Company
Arctoris
Acquired Company
Eli Lilly Biopharmaceuticals
Description
Arctoris has acquired the majority of Eli Lilly’s San Diego-based Lilly Life Sciences Studio’ laboratory, significantly expanding its research facilities and increasing the capacity to conduct multiple experiments simultaneously. This acquisition is expected to streamline R&D project timelines and address reproducibility and data ambiguity issues associated with traditional laboratory approaches.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed