EQT is pleased to announce that the EQT IX fund has agreed to acquire SPT Labtech from Battery Ventures, a global, technology-focused investment firm for £650m. Together with management, EQT Private Equity will support and accelerate SPT Labtech’s growth journey.
Supported by strong secular megatrends, SPT presents a highly thematic investment opportunity within EQT’s prioritized Life Science Tools subsector. The automation of research, miniaturization trends (more analyses with the same sample volume) and a broader adoption of multi-omics will support SPT’s core liquid handling business for years to come.
SPT helps researchers save time through automation and enables labs to research for example chronic illnesses and provide treatments or find cures for previously untreatable conditions. The Company’s core values are closely aligned with the UN’s Sustainable Development Goal (SDG) #3 of ensuring healthy lives and promoting wellbeing. By providing sample preparation instruments and consumables for the novel Cryo-EM technology – for which the Nobel Prize in Chemistry was awarded in 2017 – SPT supports industry innovation and accelerates research outcomes.
Read more: PR Newswire
