BTG
BTG plc is a specialist healthcare company
1948 the National Research Development Corporation was formed with the purpose of commercialising innovations that arose from publically-funded research.
1975 This was complemented in November 1975 by the establishment of the National Enterprise Board to implement the Government's policy of moving public sector industry into commercial private enterprise.
1981 These two organisations were merged by the Government to form a new, non-statutory body called the British Technology Group. It acted principally as a technology transfer company, licensing and commercialising the use of publicly-funded developments.
1982 March: Created Mikro Industrial Instruments with the intention to design, manufacture and sell microprocessor signal conditioning equipment for process control. Midland Bank and Tyne and Wear County Council joined BTG to contribute £200,000 worth of funding for the new company. The new company was the first to benefit from BTG's new initiative to strengthen regional enterprise in those areas traditionally assisted by the National Enterprise Board.[1]
1982 June: BTG created a new company, Newbury Data Recording, combining 2 of its client companies Data Recording Equipment Co and Newbury Laboratories, which would be the largest British-owned supplier of computer peripherals and would market peripherals from other British companies too, such as United Peripherals Ltd, a costly and controversial joint venture with Control Data Corporation of USA[2]
1991 The Group was put onto a statutory footing in the British Technology Group Act, 1991 with HM Treasury initially being the only shareholder.
1992 March: Cinven arranged a management buy-out from the Government.
1995 The company was floated on the London Stock Exchange.
1998 the Group adopted the BTG name. It now focuses its work on developing and commercialising medical innovations.
Since acquiring the commercialisation rights to magnetic resonance imaging (MRI) (under a revenue share scheme) in 1983, BTG has come to licence a large part of the world market in MRI, including licencees such as General Electric and Philips.
2008 BTG plc completed the acquisition of Protherics in December 2008
2011 Acquired Biocompatibles International in January 2011.
2019 Acquired by Boston Scientific Corporation.