Inflexion-backed Kynetec acquires Ipsos division

The deal expands UK-headquartered Kynetec's geographic presence into the US and Canadian markets, with the firm previously having operations in 19 countries across Europe, Asia and South America.

The bolt-on marks the first acquisition by Kynetec since Inflexion backed the company's MBO in November 2015.

Kynetec, formerly a division of Frankfurt-listed market research company GfK, conducts research in the fields of animal health, farm animal nutrition, crop protection, farm equipment and fertilisers.

Company
Kynetec has acquired two research sites from New York-headquartered Ipsos, in the US city of St Louis and Canadian city of Guelph. Ipsos was founded in 1975 and its agricultural and animal health division has a headcount of 25.

Following the deal, the consolidated Kynetec group will have a headcount of 250.

People
Inflexion Private Equity – Mark Williams (partner).
Kynetec – Stephen Hearn (CEO).

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