NEW YORK — DNA Diagnostics Center, a provider of at-home DNA testing products, said on Monday that it will be acquired by Eurofins for an undisclosed sum.
The transaction is expected to close in the third quarter. DDC is being sold by private equity firm GHO Capital, which acquired it in 2015 for about $118 million.
DDC's portfolio includes tests for paternity, fertility, COVID-19, ancestry, and wellness. The company, which has around 240 employees and expects 2021 revenues of over $55 million, said it will continue to operate out of its Fairfield, Ohio-based facility following the acquisition.
"DDC is well placed to accelerate further, and we look forward to partnering with Eurofins to bring more products to our consumer and distributor channels," Scott Cramer, DDC's president and CEO, said in a statement.