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Biotouch™ Announces Acquisition Of Titan Solutions, Significantly Expanding International Capabilities

Mar 02, 2023•almost 3 years ago

Acquiring Company

LITHIUM MINE

Acquired Company

Titan Solutions

BiotechnologyHealth Care

Description

BioTouchTM, a leading provider of outsourced medical supplies, kitting, and logistics services to the healthcare industry and portfolio company of Atlantic Street Capital ("ASC"), announced today that it has acquired Titan Solutions, a leading provider of logistics, kitting, and life sciences supply chain management solutions based in Shannon, Ireland. This acquisition will significantly expand the international capabilities of BioTouch and enhance its position as a global leader in healthcare supply chain management, providing solutions to more than 160 countries.

Company Information

Company

LITHIUM MINE

About

BioTouch is how hospitals, labs, and life sciences organizations get a single, tech-enabled solution for all their kitting and logistics needs. They can cut costs and improve patient care with a partner that lets them handle it all with more care. Founded in 2018, BioTouch provides supplies, kitting and asset-light same day logistics solutions, exclusively focused on the medical laboratory and hospital industry, serving university health systems, independent laboratories, contract research organizations and national health systems. The company is noted for its leading technology and customized software that allows for real-time ordering and tracking of courier and specimen locations, and route optimization. BioTouch is based in West Haven, CT. Visit www.biotouchglobal.com.

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