Planet Innovation acquires BIT Group’s North American operations
November 11, 2021, Bad Soden am Taunus
Planet Innovation (PI) has acquired the North American operations of BIT Analytical Instruments GmbH, an MEC company.
Founded in Germany in 1976, BIT will continue to operate for its global customers from locations in Europe and Asia. Leveraging its strong reputation and extensive capabilities, BIT will retain its focus on researching, designing, developing, and manufacturing innovative hematology systems and will remain a trusted OEM partner for engineering and manufacturing high-performance clinical, medical, and life science devices.
“BIT’s recent strategic review resulted in the decision to focus on our European and Asian operations,” said BIT Group CEO Dr. Michael Bartels. “After a focused process, Planet Innovation emerged as the ideal partner to acquire our US operations and to continue its growth in the US market.”
The acquisition will transfer BIT Group’s US client base to PI and see all 80 staff joining PI, taking PI’s global team to 500.
“Adding BIT’s expert team and their Californian facility supports PI’s long-term strategy to grow our manufacturing capabilities in the US and Australia. We now have two state-of-the-art facilities close to our development teams and clients, with plans for further expansion in the near future” said PI Co-CEO Sam Lanyon.
Planet Innovation was founded in Melbourne, Australia in 2009 with a global focus from the outset, and US-based companies now make up more than 70 percent of PI’s client base.