The Cork-based automation tech firm SimoTech, which serves the pharma sector, is being acquired by a US firm. The 15-year-old business, based in Carrigaline, notified the Competition and Consumer Protection Commission (CCPC) that it is being acquired by a US fund and its portfolio company Project Farma. The mechanics of the deal will see Project Farma, owned by another pharmaceutical process company called PerkinElmer, buy full control of SimoTech. PerkinElmer in turn is owned by New York investment firm New Mountain Capital. According to SimoTech, the Cork company serves 10 of the top 20 pharma and biotech manufacturers, building, and…

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