Bio-Techne

Last updated

Bio-Techne Corporation
FormerlyResearch and Diagnostic Systems, Inc. (1976–1985)
Techne Corporation (1985–2014)
Company type Public
Industry Biotechnology
Founded1976;49 years ago (1976)
FounderRoger C. Lucas
Headquarters Minneapolis, Minnesota, U.S.
Key people
Products
RevenueIncrease2.svg US$1.22 billion (2025)
Decrease2.svg US$102 million (2025)
Decrease2.svg US$73.4 million (2025)
Total assets Decrease2.svg US$2.56 billion (2025)
Total equity Decrease2.svg US$1.92 billion (2025)
Number of employees
3,100 (2025)
Website bio-techne.com
Footnotes /references
[1]

Bio-Techne Corporation is an American life sciences company that develops, manufactures and sells life science reagents, instruments and services for the research, diagnostic, and bioprocessing markets. [1]

Contents

History

The company was founded in 1976 by Roger C. Lucas as Research and Diagnostic Systems, Inc. In 1985, it merged into Techne Corporation and became a public company. [1]

In March 2013, Charles (Chuck) Kummeth was named chief executive officer of the company. [2]

In July 2013, the company acquired Bionostics for $104 million. [3] [4]

In February 2014, the company changed its name to Bio-Techne. [5]

In April 2014, the company agreed to acquire Shanghai PrimeGene Bio-Tech Company (PrimeGene). [6] [7]

In July 2014, the company acquired Novus Biologicals for $60 million. [8] [9] [10]

In August 2014, the company acquired ProteinSimple for $300 million. [11]

In November 2014, the company agreed to acquire CyVek for $60 million plus up to an additional $135 million in earn-out payments. [12] [13] [14]

In June 2015, the company agreed to acquire Cliniqa Corporation. [15] [16]

In March 2016, the company acquired Zephyrus Biosciences. [17] [18] [19]

In July 2016, the company acquired Space Import-Export. [20]

In August 2016, company acquired Advanced Cell Diagnostics for $250 million plus an additional $75 million in possible milestone payments. [21] [22] [23]

In September 2017, the company acquired Trevigen. [24] [25]

In January 2018, the company acquired Atlanta Biologicals. [26] [27]

In June 2018, the company agreed to acquire Quad Technologies. [28] [29]

In August 2018, the company acquired Exosome Diagnostics for $250 million plus up to an additional $325 million in milestone payments. [30]

In June 2019, the company acquired B-Mogen. [31] [32]

In April 2021, the company acquired Asuragen for $215 million plus up to an additional $105 million in milestone payments. [33]

In June 2022, the business announced it would acquire Namocell Inc. [34]

In June 2023, Bio-Techne announced it would acquire Lunaphore Technologies SA, [35] the transaction was completed the following month [36]

References

  1. 1 2 3 "Bio-Techne Corporation FY 2025 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. August 22, 2025.
  2. ↑ "Board Of Directors Appoints Charles Kummeth As Chief Executive Officer And Director Of Techne Corporation" (Press release). PR Newswire. March 18, 2013.
  3. ↑ Resende, Patricia (July 23, 2013). "Techne Corp. completes $104M cash purchase of Bionostics, names new CTO". American City Business Journals .
  4. ↑ "Local company news". Star Tribune . July 22, 2013.
  5. ↑ "Techne Corporation Announces New Trade Name, Bio-Techne". PR Newswire. February 10, 2014.
  6. ↑ "Bio-Techne Announces Acquisition Agreement". PR Newswire. April 15, 2014.
  7. ↑ Hammerand, Jim (April 15, 2014). "Techne has deal to buy Chinese genetics firm". American City Business Journals .
  8. ↑ "Bio-Techne Acquires Novus Biologicals for $60M". genengnews.com . July 3, 2014.
  9. ↑ "Bio-Techne Announces Agreement to Acquire Novus Biologicals for $60M". The Wall Street Journal . July 3, 2014.
  10. ↑ "Bio-Techne Announces Agreement To Acquire Novus Biologicals". PR Newswire. July 2, 2014.
  11. ↑ "Bio-Techne Announces ProteinSimple Acquisition Completion" (Press release). PR Newswire. August 1, 2014.
  12. ↑ "Bio-Techne Announces Agreement To Acquire CyVek" (Press release). PR Newswire. November 4, 2014.
  13. ↑ "Bio-Techne to Acquire CyVek for Up to $195M+". genengnews.com . November 5, 2014.
  14. ↑ "Wallingford's CyVek acquired by Minnesota company". New Haven Register . November 13, 2014.
  15. ↑ "Bio-Techne Corporation Agrees to Acquire Cliniqa Corporation" (Press release). PR Newswire. June 5, 2015.
  16. ↑ "Cliniqa Now Owned by Bio-Techne". genengnews.com . June 5, 2015.
  17. ↑ "Bio-Techne Corporation Agrees to Acquire Zephyrus Biosciences, Inc" (Press release). PR Newswire. March 21, 2016.
  18. ↑ "Bio-Techne Acquires Zephyrus Biosciences". genengnews.com . March 21, 2016.
  19. ↑ "Bio-Techne Acquires Zephyrus Biosciences". The Wall Street Journal . March 22, 2016.
  20. ↑ "Bio-Techne Acquires Space Import-Export And Strengthens European Leadership Team" (Press release). PR Newswire. July 1, 2016.
  21. ↑ "Bio-Techne Corporation Completed its Acquisition of Advanced Cell Diagnostics" (Press release). PR Newswire. August 1, 2016.
  22. ↑ "Bio-Techne to Acquire Advanced Cell Diagnostics for Up to $325M". genengnews.com . July 7, 2016.
  23. ↑ Al Idrus, Amirah (July 7, 2016). "MedTech Bio-Techne shells out $250M for Advanced Cell Diagnostics". FierceBiotech .
  24. ↑ "Bio-Techne Acquires Trevigen Inc" (Press release). PR Newswire. September 5, 2017.
  25. ↑ Bakolia, Ravikash (September 5, 2017). "Bio-Techne acquires privately held Trevigen". S&P Global .
  26. ↑ "Bio-Techne Acquires Atlanta Biologicals Inc" (Press release). PR Newswire. January 2, 2018.
  27. ↑ Carlson, Joe (January 2, 2018). "Bio-Techne buys Atlanta Biologicals in cash deal". Associated Press .
  28. ↑ "Bio-Techne To Acquire Quad Technologies" (Press release). PR Newswire. June 7, 2018.
  29. ↑ Bakolia, Ravikash (June 7, 2018). "Bio-Techne to acquire privately held Quad Technologies". S&P Global .
  30. ↑ "Bio-Techne Corporation Completed Its Acquisition of Exosome Diagnostics, Inc" (Press release). PR Newswire. August 1, 2018.
  31. ↑ "Bio-Techne To Acquire B-MoGen Biotechnologies Inc" (Press release). PR Newswire. June 4, 2019.
  32. ↑ Wittenberg, Alex (June 5, 2019). "Bio-Techne acquires Minneapolis gene-editing firm formed at U of M". American City Business Journals .
  33. ↑ "Bio-Techne Completes Acquisition of Asuragen, Inc" (Press release). PR Newswire. April 6, 2021.
  34. ↑ "Bio-Techne to Acquire Namocell". June 22, 2022.
  35. ↑ "BIO-TECHNE TO ACQUIRE LUNAPHORE :: Bio-Techne Corporation (TECH)". June 22, 2023.
  36. ↑ "Bio-Techne Completes Lunaphore Acquisition". July 10, 2023.