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Biotage Acquires Horizon Technology

07 December 2017

On December 6th 2017, Biotage entered an agreement to acquire the privately held company Horizon Technology Inc. based in New Hampshire, United States. Horizon is a successful provider of systems and consumables for separation in water purification, food safety, petrochemical industry, biofuels, agriculture and the pharmaceutical industry.

 

The acquisition is complementary to Biotage’s existing offering and allows us to meet the global trend of increasing awareness and concern of environmental issues, pollution and toxics.

Through the acquisition, Biotage will strengthen its position as a niched separations company within environmental applications and food safety, areas were Biotage currently is less well positioned. Together with Horizon, Biotage will be able to offer its global customers a more comprehensive portfolio of products. In addition, Biotage’s global direct sales reach is expected to accelerate Horizon’s business. The combined operations will be well positioned to capture global growth trends, such as growing demand for testing and purification of water and food.

Horizon merge table

Horizon Technology had 41 employees and sales of $8.2M in 2016. Their main customers are found in governmental agencies, petrochemical industries, food & beverage and pharma, as well as commercial laboratories. 

Read more in the press release »