SOURCE: M+W Group

March 27, 2013 10:00 ET

M+W Group Acquires LifeTek Solutions in America

Strengthening Technological and Process Expertise in the Life Sciences Industry

STUTTGART, GERMANY and ALBANY, NY and BLUE BELL, PA--(Marketwire - Mar 27, 2013) - The global engineering and construction company M+W Group has announced that their operations in the Americas have acquired 100% ownership of LifeTek Solutions, Inc. With this acquisition, M+W Americas also obtains LifeTek's 25% share in the exclusive SmartFit Modular BioSuites and FillSuites.

LifeTek's team of industry recognized experts specialize in developing technically driven projects in the pharmaceutical and biotechnology communities. Adept in the design of equipment and arrangements for these projects, the LifeTek team has the operating, maintenance, design, construction, and qualification background that founds a thorough understanding of how best to compose a manufacturing process and ensure their customers success. Their exclusive SmartFit modular BioSuites and FillSuites cut delivery time in half while providing proven field-tested performance.

"Emerging technologies in the Life Science industries are transforming the way therapeutics are manufactured. The synergy between M+W Group and LifeTek will bring a world of innovative technology and expertise to our clients, assisting them to embrace new processes and streamline project delivery." said Rick Whitney, President and CEO of M+W Americas.

"We are very excited about this acquisition." commented George Wiker, Principal of LifeTek. "Together, M+W Group and LifeTek will provide customers with unmatched engineering depth in a single-firm solution from concept to start-up."

About M+W Group (www.mwgroup.net): M+W Group is the leading global engineering, construction and project management company in the fields of Advanced Technology Facilities, Life Science & Chemicals, Energy & Environment Technologies and High-Tech Infrastructure. From concept development to turnkey services the company manages projects of all sizes ensuring rapid realization, high quality standards and cost-effective completion. With its competence to link process and automation technologies and complex facilities to integrated solutions M+W Group primarily focuses on leading companies in the fields of electronics, photovoltaics, life science, chemicals, energy, automotive, security and communication, as well as research institutes and universities. M+W Group is the holding company with headquarters in Stuttgart, Germany. In 2011 the company generated an order intake of $3.6 billion and revenues of $3.5 billion with more than 7,000 employees. In 2012 M+W Group celebrated its 100th anniversary.

M+W Group is owned by the Austrian Stumpf Group that is globally successful in the areas of High-Tech Engineering, Smart & Renewable Energy, Real Estate and Technology Investments.

About LifeTek (www.lifetek.com): LifeTek is a design and consulting team who work to help BioPharm companies succeed in developing processes, build manufacturing capacity as well as establish & maintain compliance. LIFETEK focuses exclusively on pharmaceutical and biological projects with a strong understanding that the design of a pharmbio project begins with the process, whether it is a laboratory, pilot plant, or full scale manufacturing facility. LifeTek's philosophy is to provide a unique solution to the needs of its client base by providing standard and validateable process designs and process systems to improve delivery, reduce cost and assure successful startup while minimizing risk.

About SmartFit Modular (www.smartFit.com): SmartFit Modular offers complete bioprocessing and aseptic filling suites which can be erected within an existing building, anywhere in the world. SmartFit suites can accommodate projects from development through market launch. The affordable solution can speed the rate of return on the investment.

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