PuroVaso’s single-use containers will be combined with ChargePoint Technology’s portfolio of containment and sterile transfer technology
Powder and liquid transfer specialist ChargePoint Technology Group has announced the acquisition of single-use container manufacturer PuroVaso.
The move looks to combine ChargePoint Technology's portfolio of containment and sterile transfer technology with PuroVaso's broader choice of powder and liquid transfer, storage and handling products.
"PuroVaso has vast technical expertise in pharmaceutical processing, transfer, handling and storage, with a broad portfolio of products that customers rely on for critical process applications," said Chris Eccles, Chief Executive Officer of ChargePoint.
The ChargePoint team showed a real understanding for [PuroVaso's] products and a passion to want to take the company to the next stage of its development.
He added: "With its extensive process knowledge, application engineered solutions and relentless customer focus, PuroVaso offers leading solutions to highly regulated pharma and biopharma landscapes along with several other process critical markets. We are very excited to have PuroVaso join the ChargePoint portfolio of solutions."
Fellow Co-founder, and Director Duncan Betteley added: "The PuroVaso product is a very good fit for the existing ChargePoint products. The ChargePoint team showed a real understanding for the products and a passion to want to take PuroVaso to the next stage of its development."
He continued: "We are confident that they are the right organisation to support existing customers and stakeholders, and we look forward to seeing PuroVaso continue to grow internationally under their stewardship."
Steve Boswell and Duncan Betteley will not be joining ChargePoint as part of the PuroVaso acquisition. With S3 Process Limited they will however continue as an OEM supplier of the PuroVaso product line in combination with the solutions they supply into the U.K. market.
ChargePoint was advised on the deal by Eversheds Sutherland (led by Lizzy Tindall and Chris Archer). PuroVaso was advised by Keelys LLP (led by Hitesh Punjani).