Celion Networks Acquires Alpha Innotech for $17,900,000

  • Feed Type
  • Date
    9/9/2009
  • Company Name
    Alpha Innotech
  • Mailing Address
    2401 Merced St San Leandro, CA 94577
  • Company Description
    Founded in 1992, Alpha Innotech Corporation develops, manufactures and markets digital imaging and detection systems for the Life Science research and Drug Discovery markets. Our goal is to combine instruments, reagents and bioinformatics software to offer integrated modular technology platforms for functional genomics, proteomics and cell analysis markets. Our customers include pharmaceutical and biotechnology companies as well as universities, medical centers, government research institutes and agencies worldwide.
  • Website
    http://www.alphainnotech.com
  • Transaction Type
    M&A
  • Transaction Amount
    $17,900,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Cell Biosciences will acquire Alpha Innotech for approximately $17.9 million, or $1.50 per share, and will assume $2.1 million of outstanding debt, net of cash.