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StatLab Medical Products completes acquisition of Scientific Device Laboratory to expand product reach and innovation

Apr 25, 2024over 1 year ago

Acquiring Company

StatLab

Acquired Company

Scientific Device Laboratory

McKinneyDes PlainesHealth CareMedical DeviceBiotechnologyHealth CareManufacturing

Description

StatLab Medical Products, a leading developer and manufacturer of medical diagnostic supplies and equipment, today announced the acquisition of Scientific Device Laboratory. This acquisition aims to expand customer reach for both entities and provide a new U.S. research and development hub for the broader StatLab organization. This acquisition creates an opportunity to accelerate product development and innovation, while continuing to serve existing customers and scaling SDL operations through the commercial and manufacturing resources that StatLab can offer.

Company Information

Company

StatLab

Location

McKinney, Texas, United States

About

Founded in 1976, StatLab Medical Products is a developer and manufacturer of anatomic pathology consumables and labeling and tracking equipment for clinical and research laboratories. StatLab manufacturing sites in England, Wales and the USA support our goal of providing the most stable supply chain of high-quality products for laboratories around the world. A customer-centric approach drives our focus to deliver reliability, innovation, and quality in every interaction. Learn more at StatLab.com.

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M&A Insights

Based on deal data
Integration 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