Innovations portfolio company OpenIOLabs acquired by Cronin Group

6 Nov 2017

Imperial Innovations announces that its portfolio company, OpenIOLabs Limited (“OpenIOLabs”), which specialises in developing hardware and software for scientific and industrial uses, has been acquired by Cronin Group (AIM: CRON), the AIM-listed company focused on digitising chemistry.

OpenIOLabs, which is based in Cambridge, provides an open source hardware translation platform for organisations working with multiple pieces of equipment in a laboratory or in an industrial environment. It bridges the language and compatibility gap between various hardware and software, bringing different systems together to create one point of control. 

At the point of acquisition, Imperial Innovations held equity in the company related to intellectual property interests due to the development of certain of the Company’s foundation technologies at Imperial College London.