Mr. Craig Milne reports
INNOVOTECH INC. ANNOUNCES AMALGAMATION OF SUBSIDIARIES TO STREAMLINE OPERATIONS
Effective Jan. 1, 2026, Innovotech Inc. has completed a horizontal short-form amalgamation pursuant to the Business Corporations Act (Alberta) whereby the company's two wholly owned subsidiaries Innovotech Labs Corp. and Keystone Labs Inc. have been amalgamated with the resulting amalgamated company continuing on as Innovotech Labs Corp. while maintaining the same articles, directors and officers as prior to the completion of the amalgamation.
By consolidating laboratory operations under the one entity of Innovotech Labs, the company expects to streamline processes, reduce duplication and present an integrated and easier-to-navigate suite of laboratory services to its clients. The amalgamation also simplifies the company's operating structure and reduces administrative and reporting complexity as the company grows. The timing of the amalgamation reflects management's assessment that the two laboratory businesses are operationally ready for consolidation, and aligns with the start of the company's fiscal year for accounting and reporting purposes.
"This amalgamation brings together the complementary expertise and resources of both laboratories to create a more agile and integrated organization," said Craig Milne, chief executive officer of Innovotech. "By operating as a single laboratory business, we are better positioned to serve clients efficiently, scale our services, drive innovation and pursue future growth."
The newly amalgamated Innovotech Labs will continue to operate under its high standards of quality and regulatory compliance, ensuring a seamless transition for clients and partners.
About Innovotech Inc.
Innovotech is a Canadian boutique contract research organization specializing in advanced laboratory services and commercializing proprietary technologies. The company provides expertise in anti-microbial testing, pharmaceutical analysis and industrial laboratory solutions, supported by innovative methodologies and products. Innovotech serves clients across multiple sectors, delivering customized research and testing services designed to meet rigorous regulatory and scientific standards.
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