ANTWERP, Belgium, March 21, 2016 /PRNewswire/ --
genae, a global Contract Research Organization (CRO) and services provider for the medical industries, announced the closing of an investment by Korys.
This transaction underlines the commitment of genae's management to accelerate the group's development, now backed by a strong and culturally compatible equity partner.
"With this investment, Korys takes part in a medical device CRO that is capable of providing high-quality research services on a global scale, assisting their partners in bringing new therapies and products to market. We look at genae and its innovative and entrepreneurial team as strong contributors to our 3P (people-planet-profit) vision" said Vincent Vliebergh, Korys' CEO.
"The entrance of Korys accelerates genae's strategy to further strengthen our position as the leading medical device CRO in Europe, while continuing to build critical scale in the US and Japan," said Bart Segers, genae's CEO.
Korys is the investment holding of the Colruyt family. The family has been active in the retail sector for over 50 years and grew the Colruyt Group to become one of the most successful food retail and food services companies in Europe. Korys aims to create sustainable value through a diversified portfolio of investments and focuses on sectors in which it has built substantial expertise, such as Consumer and Retail, Renewable Energy and Life Sciences.
To learn more about Korys, please visit http://www.korys.be.
About the genae group
genae is involved in the development and commercialization of medical devices, biologics and therapies that change medical practice. genae is a full service CRO and services provider for the medical industries and aims at improving health and quality of life by innovating and accelerating high quality research. The group's Quality Management System has been tested rigorously and continues to pass regulatory and sponsor's audits and inspections.
genae associates nv is a privately held company with principal offices in Antwerp, Belgium and is part of the genae group, the medical device CRO.
To learn more about genae, please visit http://www.genae.com.
Guido Gezellestraat 126
genae associates nv
Bart Segers, CEO
Justitiestraat 6B, 2018 Antwerp, Belgium