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Solar Biotech Acquires Noblegen

Jul 25, 2023over 2 years ago

Acquiring Company

Solar Biotech, Inc.

Acquired Company

Noblegen

NortonScience And EngineeringSoftware

Description

Solar Biotech Inc., a Norton, Virginia-based provider of complete sustainable and scalable biomanufacturing solutions, continues to build out its vertically integrated organization by acquiring Noblegen, an advanced digital biology company based in Peterborough, Ontario, Canada.

Company Information

Company

Solar Biotech, Inc.

Location

9428 MACON ROAD

Norton, Ohio, United States

About

Solar Biotech, Inc. is a leading SynBio products and advanced bioprocessing technology development company with a mission to transform the way consumer products are manufactured via advanced bioprocessing technologies, including precision fermentation. The research and development and biomanufacturing facility in Norton has already facilitated the successful introduction of several major products to the SynBio food and beverage market segments. Recognizing rising consumer trends for sustainable, traceable, and healthier consumer goods, Solar Biotech is committed to environmentally sound operations in order to deliver the highest quality SynBio products available worldwide. Solar Biotech is working on the next generation of sustainable bioprocessing technologies, that will further revolutionize the SynBio industry. To learn more about Solar Biotech, visit www.solarbiotech.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