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…

Want to continue reading?

Celebrate with us – 7 years of The Currency

Unlock full access to The Currency and The Wall Street Journal with an annual membership and receive a FREE Samsonite Spectrolite Briefcase – worth €175 delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .