Omega Diagnostics has completed an agreement with Accubio, a wholly-owned subsidiary of Zhejiang Orient Gene Biotech, in relation to the sale of its diagnostic test kit manufacturing business and facility in Alva, for £1m.
The manufacturing business has been sold as a going concern, with approximately 93 full-time employees based in Alva transferring across with the business, with no resultant redundancies.
The agreement also covers the sale of certain fixed assets, including plant and equipment - although not any government-funded equipment on site - as well as the assignment of the lease for the Alva site.
