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Innovative Lab Services LLC completes acquisition of MLS Technologies, Inc. to extend core capabilities

Oct 16, 2024•about 1 year ago

Acquiring Company

Innovative Lab Services

Acquired Company

MLS Technologies

GranvilleRedmondBiotechnologyManufacturing

Description

Innovative Lab Services LLC, a premier provider of analytical instrumentation solutions, is thrilled to announce its acquisition of MLS Technologies, Inc. This strategic combination will significantly extend the core capabilities, technical expertise, and geographic reach of both companies, positioning the platform to better serve the broader life sciences market nationwide.

Company Information

Company

Innovative Lab Services

Location

Granville, Ohio, United States

About

Innovative Lab Services LLC (ILS) is a leading service company specializing in highly technical preventative maintenance and repair of analytical instruments to the broader life sciences market. ILS has a dedicated team of engineers professionally trained to deliver a suite of analytical instrumentation solutions across multi-vendor manufacturers. The company is focused on expanding technical capabilities and instilling a culture of strong customer service. It aims to build the leading analytical laboratory solutions provider.

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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