A German-based company has bought a majority stake in a campus company based at Dublin City University.

CU Chemie Uetikon, a subsidiary of Swiss-based group CPH, has bought 80% of the bioprocessing start-up Archport. It now plans to create 30 jobs through an investment programme.

Archport, set up in 1988, provides services to help pharmaceutical companies prepare drugs for the market or for clinical trials.

DCU will keep a 20% stake in the company, which already has purpose-built laboratories on the campus.