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Vitrolife increases stake in ATS

Vitrolife, a biotechnology and medical device company, has acquired a further 9% of the shares in ATS, the distributor of Vitrolife's products in Italy.

As a result of this acquisition, Vitrolife owns 60% of the company, with an option to acquire a further 10% within six months.

Magnus Nilsson, CEO of Vitrolife, said: “We are very pleased with how ATS has developed over the past six months: the development of both sales and earnings has been stronger than planned.”