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Axion Biosystems Acquires Live-Cell Imaging Innovator Cytosmart Technologies

Mar 21, 2022•over 3 years ago

Acquiring Company

Axion BioSystems, Inc.

Acquired Company

CytoSMART

AtlantaOtherData And Analytics

Description

Axion BioSystems, a leading life sciences tools company focused on advanced live-cell assay systems, announces the acquisition of the Netherlands-based CytoSMART Technologies—an innovator in kinetic live-cell imaging analysis. The collaboration positions Axion for significant expansion in the fields of stem cell research, immuno-oncology, cell-based therapies, and drug discovery.

Company Information

Company

Axion BioSystems, Inc.

Location

1819 PEACHTREE ROAD NE

Atlanta, Georgia, United States

About

Axion BioSystems is a leading life sciences tools company focused on innovative live-cell assays used to study the function of cells in vitro for drug discovery and disease modeling. The team at Axion BioSystems is dedicated to continuing the advancement of new technologies that accelerate research and further the understanding of biological complexity outside of the body. Axion BioSystems is headquartered in Atlanta, Georgia, USA, and has offices worldwide. Axion has more than 90 employees across its current locations. www.axionbiosystems.com About CytoSMART CytoSMART Technologies is a specialist in the development and manufacturing of live-cell imaging systems for life science laboratories. The company was founded in 2012 by a team of biologists and engineers who were convinced that a new generation of miniaturized microscopes, powered by artificial intelligence for image analysis, would allow biologists to make discoveries more efficiently and at scale. In 2018, CytoSMART was selected by Microsoft for its prestigious ScaleUp program. CytoSMART’s microscopy solutions are used in research laboratories worldwide. CytoSMART Technologies is headquartered in Eindhoven, the Netherlands, and has more than 50 employees. www.cytosmart.com

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M&A Insights

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Tech stack consolidation
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Post-acquisition investment
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