Nanalysis Enters into a Letter of Intent to Acquire Quad Systems AG
CALGARY, Alberta, Jan. 18, 2022 /PRNewswire/ - Nanalysis Scientific Corp. ( TSXV:NSCI ,OTCQX:NSCIF,FRA:1N1) ("Nanalysis" or the "Company") ispleased to announce that it has entered into a letter of intent to acquire QUAD Systems AG (Quad Systems), a Zurich-based Nuclear Magnetic Resonance (NMR) company focused on high-field NMR for pharmaceutical and other vertical markets.
- CALGARY, Alberta, Jan. 18, 2022 /PRNewswire/ - Nanalysis Scientific Corp. ( TSXV:NSCI ,OTCQX:NSCIF,FRA:1N1) ("Nanalysis" or the "Company") ispleased to announce that it has entered into a letter of intent to acquire QUAD Systems AG (Quad Systems), a Zurich-based Nuclear Magnetic Resonance (NMR) company focused on high-field NMR for pharmaceutical and other vertical markets.
- Therefore, in addition to converting our OEM relationship with Quad Systems to a closer partnership, there are also tremendous cross-selling opportunities.
- As part of the agreement, Nanalysis has provided Quad Systems with a CHF 1,000,000 loan (Loan) which is convertible into shares in the capital of Quad Systems, and Sean Krakiwsky, founder and CEO of Nanalysis is being appointed to Quad Systems' Board of Directors as a Nanalysis nominee immediately.
- On completion of the Equity Investment a second representative of Nanalysis will be appointed to Quad Systems' Board of Directors.