Manchester, UK (11 February 2010). Robotic Technology Systems PLC (“RTS”), a leading robotic and automation systems integrator in scientific and industrial applications, and the ultimate parent company of RTS Life Science Limited, is pleased to announce the acquisition of a controlling interest in Hatch Science LLC (“Hatch”).
RTS will pay a minimum of $500,000, and Hatch will join its well-established Life Science division, which has successfully served the North American big pharma, biotech and leading academic institutes for over a decade from its Manchester, UK, base.
“Hatch is a great strategic fit with RTS; it is a key part of our expansion into our core North American market and will offer the group greater efficiency as we expand both our offerings and reach in the US. Hatch adds complementary products and customers and, importantly, brings Hatch’s proven product design and manufacturing expertise to the business,” said Gary Walsh, Managing Director of RTS Life Science.
RTS Life Science, a supplier of premium automated sample management products, biobanking instruments and drug delivery testing equipment, has been co-operating in sales and product development with Hatch for over twelve months.
Hatch is a leading-edge developer and manufacturer of scientific instruments for the pharmaceutical and medical industries, specializing in dissolution testing, spectroscopy and sample preparation, and is located in Fall River, south of Boston, Massachusetts.
Martin Schwalm, the current CEO of Hatch, will continue to lead the company, and commented, “This is an incredibly exciting time for Hatch; our partnership to date with RTS has been mutually beneficial. Joining RTS not only opens up new markets for existing Hatch Science products, but also creates an opportunity to use RTS market insights for the development of innovative new products to serve our customers.”
About RTS
RTS Life Science is a UK-based supplier of laboratory automation products and solutions for drug discovery, delivery and quality control applications within pharmaceutical, biotech, biobanking and academic institutes. RTS Life Science is owned by Robotic Technology Systems PLC, an AIM-listed company.
About Hatch
Hatch is a developer and manufacturer of scientific instruments for the pharmaceutical and medical industries, and is located in Fall River, Massachusetts.
