Benzinga | Apr 6, 2021 08:33AM EDT

Cryoport Acquires Critical Transport Solutions Australia Pty Ltd; Financial Terms Not Disclosed

Cryoport, Inc. (NASDAQ:CYRX) ("Cryoport" or the "Company"), a global leader in temperature-controlled supply chain solutions for the life sciences industry, today announced it has acquired Critical Transport Solutions Australia Pty Ltd ("CTSA"), a market leader in providing premium healthcare logistics management services, specializing in time- and temperature-critical solutions for the medical and pharmaceutical industries based in Australia, for approximately USD 5 million. CTSA will be a part of Cryoport's CRYOPDP business unit and will continue to be run by the current management team.