Danish FOSS buys Hungarian peer
FOSS Analytical, a Danish manufacturer of food analysis and quality control systems, purchased Hungarian local biotech company Soft Flow Hungary, the companies told Hungarian news agency MTI today, without disclosing the cost of the acquisition.
Hungarian Soft Flow began operations in 1992, according to the companyʼs website, and currently employs a staff of 22, MTI reported. The company produces a kit for detecting mycotoxin contamination in food, among many other products, MTI said.
The company saw revenue of just over HUF 400 million in 2014, MTI reported, citing public records.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.