Concateno bags another acquisition:
This article was originally published in Clinica
UK drug and alcohol testing company Concateno continues to grow its maritime customer base with the acquisition of CPL International Serviced, a provider of alcohol and drugs-of-abuse screening services, as well as immunisation and medical examinations, to the maritime industry. Concateno bought CPL for a cash-and-stock consideration of £840,000 ($1.7m). Liverpool-based CPL, which recorded annual revenues of £433,000 in 2006, is Concateno's fifth purchase this year and comes one month after the latter acquired Marconova, a Swedish lab testing company also focused on the maritime industry, for £2m (see Clinica No 1258, p 14).