People & Business :: M&A
Novozymes acquires enzyme business from Iogen
7:01 AM MST | February 1, 2013 | Deepti Ramesh
Novozymes says it will acquire Iogen Bio-Products, the industrial enzyme business of Iogen (Ottawa, ON) for C$67.5 million ($67.6 million) and potential earn-out payments of up to C$12.5 million. The deal provides Novozymes with all commercial rights to Iogen Bio-Products’ existing product portfolio, pipeline, facilities, and know-how. The acquisition does not include the purchase of process technology assets that relate to Iogen’s second-generation biofuels business. The acquisition is expected to be completed by the end of this month. Iogen...
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