Techne to Acquire Bionostics Holdings

Techne Corporation TECH (Techne) announced today that it has agreed to acquire 100% ownership of Bionostics Holdings Limited and its operating subsidiary Bionostics, Inc. (Bionostics).  Bionostics is a global leader in the development, manufacture and distribution of control solutions that verify the proper operation of in vitro diagnostic (IVD) devices primarily utilized in point of care blood glucose and blood gas testing.  Biosnostics has strategic supply relationships with virtually all global IVD device Original Equipment Manufacturers (OEMs).  The transaction is expected to close in the first quarter of fiscal 2014, subject to the satisfaction of customary closing conditions, including the expiration or early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.  The acquisition is not subject to any financing contingencies. See full press release