Techshot, a space biotechnology business, has been purchased by Redwire, a company that has grown via the acquisition of a series of space technology startups. Techshot, an Indiana-based business that creates biotechnology payloads for microgravity research, was purchased by Redwire on Nov. 2. The terms of the sale were not disclosed by Redwire. Mark Deuser and John Vellinger launched Techshot to commercialise research that began when Vellinger was a Purdue University student constructing a payload that was flown on the space shuttle to investigate chicken embryo growth in orbit.
The company, which now has roughly 50 workers, has subsequently produced a variety of biotechnology and physical sciences research payloads, including a bioprinter capable of manufacturing human tissues that is currently on the International Space Station. Redwire, which was created last year by private equity firm AE Industrial Partners by uniting two companies it had acquired, Adcole Space and Deep Space Systems, is the latest company it has acquired.
This is a huge step forward in our goal of people living and working in space for the benefit of the economy on Earth. Redwire’s choice to go public via a merger with a special purpose acquisition company, or SPAC, was influenced by its ambition to make more acquisitions. Redwire became a publicly traded corporation on the New York Stock Exchange on September 2, following the completion of the merger.