Quantum Genetix acquires GenServe Laboratories™

SASKATOON, SK, Jan. 14, 2014 /CNW/ - Quantum Genetix is pleased to announce the acquisition of the Saskatchewan Research Council's (SRC) GenServe Laboratories™.

Quantum Genetix has been providing genetic testing and research to the agricultural industry for over a decade. Quantum continually works towards expanding their services in order to provide customers with the leading genetic technology in order to improve animal production and value. "The acquisition of GenServe Laboratories™ is a strategic move which further expands Quantum's services and positions Quantum as a leader in the field of genomics," explains Leigh Marquess, President of Quantum Genetix.

GenServe Laboratories™ has been a prominent laboratory known for application of advanced DNA technologies for the past 25 years.  GenServe has a wide array of services that enhance those currently provided by Quantum Genetix, which will lead to a seamless transition for both companies. GenServe Laboratories™ has been a service provider to breed associations since 1987.  Quantum Genetix will acquire the GenServe name, along with the livestock portion of its services and will continue operating with minimal changes to daily operations. SRC will retain the crop portion of GenServe's testing suite and will continue to provide these services to the agriculture industry.

Terms of the transaction are not disclosed.

About Quantum Genetix:

Quantum Genetix Canada Inc. was founded in 2003 and is located in Saskatoon, SK at the Innovation Place research park.  Quantum Genetix is a leader in applying genetic information and livestock management to the beef industry, including their core products Q-sort, Q-link and a suite of performance enhancing SNP'S.  For further information contact Quantum Genetix at 306-956-2071, dna@quantumgenetix.com, or www.quantumgenetix.com.

SOURCE: Quantum Genetix Canada Inc.

For further information:

Tara Cymbalisty

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Quantum Genetix Canada Inc.

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