ASG Buys Neighboring Ockham

ASG, a Cary company that provides staffing services for contract research organizations, has purchased neighboring Cary-based CRO Ockham Development Group.

The transaction, completed last month, did not include public disclosure of financial details from the two privately held firms.

James Baker, ASG's CEO, said ASG employs 175 worldwide, including 32 in Cary. Ockham, which is now an ASG subsidiary, employs 65 worldwide, including about 40 in Cary. But he said some staffing changes will result from the acquisition.

He said the combined company is expected to generate about $30 million in annual revenue and will offer customers a full range of clinical testing.

Read the full news release

Mon, 03/02/2009 - 05:00