Yokogawa Electric Corporation has announced that it has acquired all shares of Insilico Biotechnology AG, a Stuttgart, Germany-based developer and provider of bioprocess software and services.
A statement said, “Fostering the development of the bioeconomy is one of the priority issues within Yokogawa’s sustainability goals, and in line with that the company aims to leverage this acquisition to build total bioprocess solutions that support biopharmaceutical development through to manufacturing.”
Klaus Mauch, CEO of Insilico Biotechnology AG, said, “There are high expectations for this fusion between our cutting-edge digital twin software technology for bioprocesses and Yokogawa’s pharmaceutical production system solutions. I believe that through Yokogawa’s global network we will be able to expand our sales channels and make a great contribution to the biopharmaceuticals industry.”
Hiroshi Nakao, a Yokogawa vice president and head of the company’s Life Business Headquarters, added, “I firmly believe that the innovative digital twin technology offered by Insilico, which has a proven track record with major biopharmaceutical companies, will accelerate digital transformation in the bioprocessing industry. We will leverage our engineering technology and develop our business with a view to the commercialization of bioprocesses.”
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