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A December divestment
December 2019
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CAMBRIDGE, U.K.—Horizon Discovery Group plc has inked an agreement with Envigo RMS LLC to divest its animal research models business unit to Envigo, and expects the transaction to be complete sometime in December 2019, subject to customary closing conditions. The unit provides genetically engineered models from its sites in Boyertown, Pa., and St. Louis, and will be transferred to Envigo along with assets and employees. Financial details were not disclosed.
Horizon CEO Terry Pizzie commented: “Envigo will bring a dedicated sales channel to the organization to super-charge the positive work already done by the Horizon sales team over the last months. Horizon will collaborate with Envigo to provide access to our experience and expertise in generating CRISPR-edited models. This transaction is therefore beneficial for all parties and fully in-line with our Investing for Growth strategy to focus on establishing leadership positions in our key markets.”

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