Grant Instruments acquires major share in Biosan

March 2005: Grant Instruments (Cambridge) Ltd has acquired a 50% shareholding in Biosan SIA, a leading Latvian laboratory equipment company. Following a successful three year distribution partnership, the contract was signed in January 2005.

Biosan, based in Riga, has a well established portfolio of innovative products for sample preparation in the fields of Genomics, Proteomics and Cellomics. The current range of over 50 products embraces mixing, shaking, thermostating, cell cultivation and DNA environmental protection.

Grant, based near Cambridge, is an independent, privately owned company, with a market leading position in temperature controlled laboratory equipment and data logging systems.

Ludo Chapman, Managing Director of Grant Instruments, commented:

I am delighted to be investing in this dynamic young business. Through close co-operation in the successful world-wide launch of the Grant-bio brand, we have developed a strong and enduring working relationship.

The synergy of Biosan’s innovation and Grant’s strong market presence will deliver real benefits for our customers. Market requirements evolve rapidly, and the combined resource will enable us to respond with the swift development of creative solutions.

Vasily Bankovsky President of Biosan:

I am very excited by this partnership with Grant. With the additional resource from increased investment, we will further develop our production facility.

By partnering with Grant we have gained access to a global customer base and the expertise of a well respected and established company.  Furthermore I hope this partnership fosters closer links between our countries and respective universities and our customer base.

For further information contact

Ludo Chapman MD

Grant Instruments (Cambridge) Limited,

Shepreth,

Cambridgeshire SG8 6GB.

Tel 01763 260811. Fax 01763 262410.

www.grant.co.uk                                         www.biosan.lv

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