Austria's FutureLab has acquired 75% of Hungarian peer Prodia Zrt, which controls 25% of Hungary's diagnostic laboratory test market, business weekly HVG reported in its latest issue, out Thursday.
Prodia's founder and co-owner József Kern has quit the company, but co-owner Gábor Kollányi has retained his 25% stake. Prodia had turnover of Ft 6 billion in 2005.
FutureLab, owned in equal part by private investors and the city of Vienna, is also present in the Czech Republic and Slovakia. FutureLab plans to expand further in the region and has started preparations to float its shares on the Frankfurt Stock Exchange.