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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Staffordshire-based Instem bought by private equity group for £203m

Staffordshire Abcam Danaher New-York United Kingdom
Instem provides IT services used in drug development for the global life sciences market.
Instem provides IT services used in drug development for the global life sciences market. Photograph: David Davies/PA

London-listed Instem has been taken private in a £200m deal marking the second British life sciences company this week to be snapped up as foreign buyers target the UK for cheap takeover deals.

The Staffordshire-based company, which provides IT services used in drug development for the global life sciences market, has been acquired by French healthcare-focused private equity group Archimed SAS for £203m.

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