Roche acquires NimbleGen to gain entry into high-growth research microarrray market

21-Jun-2007

Roche and NimbleGen Systems Inc. announced that they have signed a definitive agreement under which Roche will acquire 100% of NimbleGen, a privately held company active in high-density DNA microarrays. Under the terms of the agreement, Roche will pay NimbleGen's shareholders 272.5 million US dollars.

"This acquisition represents a further milestone in our strategy to strengthen our position as a major player and complete solution provider in the genomics research market by extending our activities into the microarray segment," said Severin Schwan, CEO Division Roche Diagnostics. "The Array Systems from NimbleGen are highly synergistic and will complement the existing Roche portfolio of innovative genomic research tools such as the LightCycler qPCR systems and the high-throughput Sequencing Systems from the recently acquired company 454 Life Sciences."

NimbleGen will become a fully integrated part of Roche Applied Science, a global business area of the Diagnostic Division of Roche. The company will continue to develop and market array systems through Roche Applied Sciences extensive worldwide sales and distribution network. NimbleGen will be further expanding its product portfolio in the near future to include higher density arrays, integrated instrument systems, and related reagents and consumables for advanced genome analysis. Roche plans to maintain the current NimbleGen facilities in Madison, WI, USA, Reykjavik, Iceland, and Waldkraiburg, Germany as well as the company's 140 employees.

The transaction is expected to close in the third quarter of 2007, subject to approval by NimbleGen's shareholders and regulatory clearance.

https://www.analytica-world.com/en/news/65572/roche-acquires-nimblegen-to-gain-entry-into-high-growth-research-microarrray-market.html