Corning Incorporated Acquires Axygen BioScience, Inc.
Acquisition to expand Corning's portfolio of life sciences products and global customer access
Corning Incorporated announced that it has acquired all the shares of Axygen BioScience, Inc. and its subsidiaries from American Capital Ltd. for approximately $400 million in cash.
Headquartered in Union City, Calif., Axygen is a manufacturer and distributor of life sciences plastic consumable labware, liquid handling products, and bench-top laboratory equipment with operations in the United States, France, Poland, and China. Axygen will be integrated into Corning's Life Sciences segment.
The acquisition supports Corning's ongoing commitment to supply its customers with a comprehensive and innovative line of laboratory research products by extending its broad array of products. Axygen's product portfolio of plastic consumables (including pipettes, pipette tips, and high-throughput screening (HTS) products) and lab equipment (including centrifuges, pipette controllers, and incubators) expands upon and complements the general labware, cell culture, and HTS/Assay products offered today by Corning. In addition, the acquisition enhances Corning's presence in Asia through Axygen's two manufacturing locations and increases access to customers in the Asia region.
Hemant Gupta, the founder of Axygen, will remain with the business, serving as president and chief executive officer, as will other key personnel of Axygen.
Most read news
Topics
Organizations
Other news from the department business & finance
These products might interest you
Mars 6 by CEM
Everything under Control - with This Intelligent Microwave Digestion System
High Sample Throughput with Just One Click
CrystalBreeder by Technobis
CrystalBreeder: the next generation multi-reactor crystallization platform
Enhance your early stage solid state screening. New: controlled evaporation & vapor diffusion modes
Crystal16 by Technobis
Crystal16 - the ultimate instrument for research and process development
Upgrade your crystallization screens with the next generation benchtop crystallization system
OHAUS Laboratory equipment by Ohaus
Do More with OHAUS Laboratory Equipment
Do Not Limit Yourself to Just Measurement! Discover Ingenious Portfolio
FlowSyn and FlowSyn Maxi by Uniqsis
Continuous Flow Chemistry Systems for reaction optimisation and scale up
Perform reactions up to 300°C and 100 bar from 0.1 - 100 ml /minute
Get the analytics and lab tech industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
See the theme worlds for related content
Topic world Pipetting
Pipetting is one of the most basic yet critical techniques in the laboratory. It enables the precise and controlled transfer of liquids, which is essential for accurate measurements and reliable results. Whether in DNA analysis, cell culture or biochemical assays, correct pipetting significantly influences the quality of the results.
Topic world Pipetting
Pipetting is one of the most basic yet critical techniques in the laboratory. It enables the precise and controlled transfer of liquids, which is essential for accurate measurements and reliable results. Whether in DNA analysis, cell culture or biochemical assays, correct pipetting significantly influences the quality of the results.