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Life Technologies buys Ion Torrent for $375mm
10 Aug 2012
Executive Summary
Life Technologies Corp. is acquiring private DNA sequencing firm Ion Torrent Systems Inc. for $375mm in cash and stock. Ion could receive an additional $350mm in cash and shares should certain technical and time-based milestones be met through 2012. The breakdown of the cash versus stock was not disclosed.
Deal Industry
- In Vitro Diagnostics
- Research, Analytical Equipment & Supplies
-
Biotechnology
- Nanotechnology, Chips, etc.
-
Drug Discovery Tools
- Bioinformatics
- Genomics-Proteomics
Deal Status
- Final
Deal Type
-
Acquisition
- Acquisition of Private Biotech
- Full Acquisition
- Includes Earnout
- Intra-Biotech Deal
- Payment Includes Cash
- Payment Includes Stock
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Questions?
Please contact Sales at: (212) 520-2765 or email [email protected]
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Life Technologies buys Ion Torrent for $375mm
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