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Life Technologies buys Ion Torrent for $375mm

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
  • Biotechnology
    • Drug Discovery Tools
      • Bioinformatics
      • Genomics-Proteomics
    • Nanotechnology, Chips, etc.
  • In Vitro Diagnostics
  • Research, Analytical Equipment & Supplies
Deal Status
  • Final
Deal Type
  • Acquisition
    • Acquisition of Private Biotech
    • Payment Includes Cash
    • Payment Includes Stock
    • Includes Earnout
    • Intra-Biotech Deal
    • Full Acquisition

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