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NEW YORK – Eurobio Scientific on Wednesday said it has acquired all shares of Tecomedical in an all-cash deal. 

Further terms were not disclosed.

Paris-based Eurobio specializes in in vitro diagnostics, while Sissach, Switzerland-based Tecomedical is the parent firm of a Swiss group that develops and distributes IVD tests in Europe. Founded in 1984, Tecomedical has operations in Switzerland, Germany, Austria, and the Benelux region and had revenues of €7.2 million ($8.2 million) last year.

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