M+W Group acquires LifeTek Solutions in America
Acquisition intended to strengthen M+W's technological and process expertise in the Life Sciences industry.
March 29, 2013 |
The global engineering and construction company M+W Group has announced
that their operations in the Americas have acquired 100% ownership of LifeTek
Solutions, Inc. With this acquisition, M+W Americas also obtains LifeTek’s
25% share in the exclusive SmartFit Modular BioSuites and FillSuites.
LifeTek’s team of industry recognized experts specialize in developing technically
driven projects in the pharmaceutical and biotechnology communities. Adept in the
design of equipment and arrangements for these projects, the LifeTek team has the
operating, maintenance, design, construction, and qualification background that
founds a thorough understanding of how best to compose a manufacturing process
and ensure their customers success. Their exclusive SmartFit modular BioSuites
and FillSuites cut delivery time in half while providing proven field-tested
“Emerging technologies in the Life Science industries are transforming the way
therapeutics are manufactured. The synergy between M+W Group and LifeTek will
bring a world of innovative technology and expertise to our clients, assisting them to
embrace new processes and streamline project delivery.” said Rick Whitney,
President and CEO of M+W Americas.
“We are very excited about this acquisition.” commented George Wiker, Principal of
LifeTek. “Together, M+W Group and LifeTek will provide customers with unmatched
engineering depth in a single-firm solution from concept to start-up.”
About M+W Group (www.mwgroup.net): M+W Group is the leading global engineering,
construction and project management company in the fields of Advanced Technology
Facilities, Life Science & Chemicals, Energy & Environment Technologies and High-Tech
Infrastructure. From concept development to turnkey services the company manages projects
of all sizes ensuring rapid realization, high quality standards and cost-effective completion.
With its competence to link process and automation technologies and complex facilities to
integrated solutions M+W Group primarily focuses on leading companies in the fields of
electronics, photovoltaics, life science, chemicals, energy, automotive, security and
communication, as well as research institutes and universities. M+W Group is the holding
company with headquarters in Stuttgart, Germany. In 2011 the company generated an order
intake of $3.6 billion and revenues of $3.5 billion with more than 7,000 employees. In 2012
M+W Group celebrated its 100th anniversary.
M+W Group is owned by the Austrian Stumpf Group that is globally successful in the areas of
High-Tech Engineering, Smart & Renewable Energy, Real Estate and Technology
About LifeTek (www.lifetek.com): LifeTek is a design and consulting team who work to help
BioPharm companies succeed in developing processes, build manufacturing capacity as well
as establish & maintain compliance. LIFETEK focuses exclusively on pharmaceutical and
biological projects with a strong understanding that the design of a pharmbio project begins
with the process, whether it is a laboratory, pilot plant, or full scale manufacturing
facility. LifeTek’s philosophy is to provide a unique solution to the needs of its client base by
providing standard and validateable process designs and process systems to improve
delivery, reduce cost and assure successful startup while minimizing risk.
About SmartFit Modular (www.smartFit.com): SmartFit Modular offers complete
bioprocessing and aseptic filling suites which can be erected within an existing building,
anywhere in the world. SmartFit suites can accommodate projects from development through
market launch. The affordable solution can speed the rate of return on the investment.
Source: M+W Group