Caron Products and Services Acquire UK Based Bigneat Ltd
Announced August 16th 2021, Caron Products and Services which is financially backed by SFW capital has confirmed the acquisition of UK based Bigneat LTD. Caron who supply laboratory equipment such as temperature and atmosphere controlled incubators and refrigerators look to expand their product range with this acquisition. It marks a increased investment in laboratory and science industry equipment. The market is set to be worth $66 billion by 2023
Bigneat established in 1972 supply controlled safety enclosures for laboratory equipment and robotics and have distributed products to over 20 different countries. Based in Hampshire, UK they offer bespoke safety and workstations.
“Bigneat is an excellent strategic acquisition for Caron,” a quote from Jay Hexamer, CEO of Caron. “The companies have complementary products, engineering capabilities, operational expertise and geographic footprint. Caron and Bigneat are both well-positioned to benefit from rapidly growing areas in the life sciences industry, including development of cell and gene therapies, laboratory automation and continued focus on productivity and safety of laboratory professionals.”
“The entire team at Bigneat, my family and I are all incredibly excited to join Caron,” Robert Monks, Managing Director and CEO of Bigneat. “The combination of our strong European network and Caron’s market leadership in the U.S. provides immediate opportunities to both businesses to better serve our customers.”
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