Tuesday, November 6, 2007

Varian Acquires Analogix

Palo Alto-based Varian said Monday afternoon that it has acquired Analogix, a maker of scientific equipment for the pharmaceutical company, for $11M in cash. Varian said that it paid $11M in cash plus assumed debt for the firm, in a deal that also includes up to $4M in future earn out. Analogix develops technology used for automated compound purification using flash chromatography. Varian said the acquisition is part of its strategy to strengthen the company's portfolio in the area of laboratory consumables.