Lab21 (UK) is pleased to announce that it has sold its environmental business to Cogent Environmental Ltd, a newly established company backed by Sultan Scientific Ltd. Financial details of the deal have not been revealed.
Graham Mullis, CEO of Lab21 commented; “I am delighted to have completed this deal which enables Lab21 to focus management and resources on the development of its healthcare diagnostics business whilst maintaining an equity stake in the new environmental business. With the experience of the management team and the investment from Sultan Scientific I am sure Cogent Environmental will continue to grow internationally.â€
Cogent Environmental will be led by Chris Welsh, the Managing Director of the environmental division at Lab21 and the Board of Directors will include Sir John Banham and Dr Mike Hudson.
“With the increasing importance placed on good environmental practice and legislation in this area Cogent Environmental can provide accurate environmental and process information, enabling our clients in the industrial manufacturing, mining, agriculture and public services sectors to take cost effective and timely actionsâ€, said Chris Welsh, Managing Director of Cogent Environmental.
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