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Invitrogen to Acquire Applied Biosystems

June 16, 2008 | A version of this story appeared in Volume 86, Issue 24

Invitrogen, the biotechnology consumables and services firm, will purchase Applera's Applied Biosystems Group—a supplier of instrument systems, software, and other products to biotech researchers—in a stock and cash transaction valued at $6.7 billion. The combined company, to be called Applied Biosystems, will have annual sales of some $3.5 billion. "This transaction combines the industry's premier consumables provider with the industry's premier systems provider to create a world-class biotechnology tools company," says Gregory T. Lucier, CEO of Invitrogen, who will be become CEO of the new company.

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