SPARK Advisory Partners Limited (“SPARK”) is pleased to announce it is acting as Financial Adviser to Integumen plc in respect of its proposed all share Offer to acquire the whole of the issued share capital of Modern Water plc (“MW”). This values Modern Water at £21.25 million.
The Rule 2.7 announcement (under the City Code on Takeovers and Mergers) was made on 28 August 2020.
Integumen is a vertically integrated business, collaborating its Labskin technology platform with partners in artificial intelligence, clinical research, medical device and life science. These collaborators are building their own technology on top of the Labskin AI backbone. Labskin allows skin-care, health-care, pharmaceutical manufacturers and cosmetic companies to test their products on human-like skin in a real-world environment with full access to multiple state-of-the-art partner technologies.