NEW HAVEN, Conn., Feb. 07, 2017 (GLOBE NEWSWIRE) -- Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the sale of its client, Rad Source Technologies, Inc. to Weihai Weigao Equity Investment Management Company Limited.
Rad Source Technologies is a Suwanee, Georgia-based designer and manufacturer of X-ray irradiation systems used in a broad range of applications such as blood irradiation, small animal research and insect control. Customers include the world’s leading healthcare institutions, research university laboratories and major biotech and pharmaceutical companies.
Rad Source was acquired through a merger with a USA entity set up by China-based investment fund Weihai Weigao Equity Investment Management Company Limited. DRP Capital Limited of Hong Kong acted as financial advisor to the buyer.
Headquartered in New Haven, CT, Woodbridge International, a global M&A firm, was founded in 1993 and has 35 offices worldwide.