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US group buys Cork's GxP Systems

Written by Business World, on 17th Feb 2015. Posted in Financial

article headlineCork-based life science compliance engineering company GxP Systems has been acquired by SRCL, a division of Wall St-listed Stericycle, for an undisclosed sum. With revenues of $3 billion, Stericycle Inc is an S and P Fortune company quoted on the NASDAQ and is a diversified environmental and healthcare services company with a worldwide presence. Continuing to head up the operations of GxP Systems, CEO, Linda Mellerick said, "This acquisition bears testament to the enormous opportunity for growth of GxP Systems. SRCL identified the strength of our team and first-class reputation with the blue chip customer base. With SRCL's huge reach, we can now expand our existing multi-national life science business globally". GxP Systems provides compliance services that enable its multi-national life science customers in the biotech, medical device and pharmaceutical industries achieve operational excellence and meet regulatory compliance. Kevin McCarthy, General Manager (Ireland) at SRCL, said: "We were looking for a company like GxP Systems to expand our global business into the regulatory compliance sector and we were impressed by the strength and depth of the management team, the technical staff, and excellent reputation in the marketplace". "Under the SRCL umbrella, GxP Systems will be provided with the opportunity to further develop and expand our services. At our customer sites, we will continue to provide the same efficient, professional and friendly service to which our customers have become accustomed," Ms. Mellerick added. For more visit www.businessworld.ie

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