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Vector Laboratories announces merger with Absolute Biotech, expanding capabilities as a critical component manufacturer for life science customers

May 15, 2024over 1 year ago

Acquiring Company

Vector Labs

Acquired Company

Absolute Biotech

BiotechnologyManufacturing

Description

Vector Laboratories, a manufacturing partner of reagents and critical components for life sciences tools, diagnostics, and clinical-stage biotherapeutics, has announced its intention to merge with Absolute Biotech, a unified company of multiple antibody-centric brands, to better serve life science customers. The merger solidifies Vector Laboratories' position as a comprehensive supplier of both custom-engineered and catalog antibodies and sophisticated bioconjugation linkers, helping to reduce development time and internal resource commitments for biopharma customers and channel partners.

Company Information

Company

Vector Labs

About

Vector Laboratories is a manufacturer of reagents and critical components for the development and production of life sciences tools, diagnostics, and clinical stage biotherapeutics. Absolute Biotech is a global manufacturer and supplier, serving customers with antibody reagents, kits, and services to support annotation, validation, sequencing, engineering, and recombinant antibody manufacturing.

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M&A Insights

Based on deal data
Integration timeline
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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
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