PAA Laboratories - Now Part of GE Healthcare

PAA Laboratories is now part of GE Healthcare, a leading global provider of transformational medical technologies and services. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE) with approx. $17 billion in global sales. 46,000 GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. Please refer to GE Healthcare’s website at www.gehealthcare.com for further information.

From now on, PAA Laboratories will provide all of its customers with a broad, truly integrated platform and will be even better equipped to serve the dynamic life sciences market with high-quality products for biomedical and cellular research as well as for bio-manufacturing. The combination of GE Healthcare’s expertise in the “downstream” processes of biopharmaceutical manufacturing and PAA Laboratories’ “upstream” capabilities will create a business that will be ideally positioned to provide an end-to-end service to our customers.  We believe that a fully integrated approach where we can help customers optimize and add value to their entire manufacturing process has the potential to reduce cost of entry, deliver higher yields of finished product and reduce time to market.

We at PAA Laboratories believe that joining a global leader such as GE Healthcare will give us significant opportunities to grow our business further with new investments in technologies, products and services. We see a tremendous opportunity for PAA Laboratories in being able to leverage GE Healthcare’s global marketing, research and distribution platform.

Over the coming months we will work on plans for a speedy and successful integration. PAA Laboratories will operate as a distinct unit of GE Healthcare. There will be no material impact on the management and process concerning our operating business in the short term.

We greatly value your support for PAA Laboratories and look forward to working with you alongside our new colleagues at GE Healthcare. We will keep you updated on our progress, but in the meantime please do not hesitate to contact us if you have any questions.

For all requests, orders and assistances please refer to your well known contact partner at PAA Laboratories.

Yours Sincerely,

 

Harry Brack

COO

 

Visit GE Healthcare Life Sciences at  http://www.gelifesciences.com/