MOCON announces strategic minority equity investment


MOCON has announced that it has completed its acquisition of a minority equity interest in Luxcel Biosciences Limited (Luxcel), Cork, Ireland, effective 15th January 2010.

MOCON is a leading provider of detectors, instruments, systems and consulting services to research laboratories, production facilities, and quality control and safety departments in the medical, pharmaceutical, food and beverage, packaging, environmental, oil and gas and other industries worldwide.

The company has invested €2,500,000 (approximately $3,625,000) for a 16.9% equity interest in Luxcel.

Luxcel was founded in 2002, as a spin out company from University College Cork, Ireland. The company was created to commercialise leading-edge research and technology in the fields of phosphorescence-based sensor development and the applications of these sensors for biological testing.

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