Ginkgo Bioworks Acquires Dutch DNA Biotech
Summary
NEW YORK – Ginkgo Bioworks said on Monday that it has signed a purchase agreement to acquire Netherlands-based Dutch DNA Biotech for an undisclosed sum. Under the terms of the agreement, Ginkgo will acquire 100 percent of Dutch DNAs shares through a combination of cash and equity. The company develops and supplies fungal biotechnology processes for the industrial production of enzymes, proteins, and organic acids and has created a platform technology for the development of fungal strains and fermentation processes for protein and organic acid production, Ginkgo said. Dutch DNA also has expertise in filamentous fungi, which are used to make many industrial products, such as the enzymes in laundry detergent and proteins for food. Dutch DNA has the most exciting fungal CDK we have seen, and their work with filamentous fungi is truly differentiating," Ginkgo CEO Jason Kelly said in a statement.