Heilbronn, Germany, January 23rd, 2014 Protagen Protein Services (PPS) GmbH announced today its merger with PANATecs GmbH.
The merged company will operate as Protagen Protein Services GmbH with two GMP certified laboratories located in Heilbronn and Dortmund. The Life Science products and consumables portfolio will be marked as a business unit under the PANATecs Brand.
PPS CEO Martin Blüggel comments, “We are delighted to join forces and to facilitate the company’s growth. This will strengthen our services and products and we can even better support the dynamic uptake such as Biosimilar and ADC developments of our sponsors.”
With the successful acquisition of PPS by Zukunftsfonds Heilbronn in June 2013 and the completion of the merger, Dr. Thomas Frischmuth, part time-CEO of Panatecs GmbH and CFO of PPS will resign as Managing director and will further serve PPS as consultant.