Tech Company M&A Transactions
Ion Torrent Systems Acquisition
Ion Torrent Systems was acquired by Life Technologies. The deal was announced on 8/17/2010. Life Technologies said the transaction price was $725 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/17/2010
Transaction Type
M&A
Amount
$725,000,000
M&A Terms
Life Technologies Corporation (NASDAQ: LIFE), a provider of innovative life science solutions, today announced a definitive agreement to acquire Ion Torrent for $375 million in cash and stock. The sellers are entitled to additional consideration of $350 million in cash and stock upon the achievement of certain technical and time-based milestones through 2012.
Company Information
Company Status
Acquired or Merged
Industry
Biopharmaceutical
Mailing Address
37 Soundview Road
Guilford, CT 06437
USA
Guilford, CT 06437
USA
Phone
Website
Email Address
Overview
Ion Torrent has pioneered an entirely new approach to sequencing that enables a direct connection between chemical and digital information. Ion Torrent technology doesn't use light--it's the first commercial PostLight sequencing technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jonathan Rothberg
President
Gregg Fergus
VP - Engineering
Thomas Roth
VP - Finance
Jamie Kole
VP - Manufacturing
Wayne Woodard
VP - Marketing
Maneesh Jain
VP - Sales
Brian McKelligon
VP - Sales
Armin Winands
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