Life Technologies Acquires Ion Torrent Systems for $725,000,000

  • Feed Type
  • Date
    8/17/2010
  • Company Name
    Ion Torrent Systems
  • Mailing Address
    37 Soundview Road Guilford, CT 06437
  • Company Description
    Ion Torrent has pioneered an entirely new approach to sequencing that enables a direct connection between chemical and digital information. Ion Torrent™ technology doesn’t use light—it’s the first commercial PostLight™ sequencing technology.
  • Website
    http://www.iontorrent.com
  • Transaction Type
    M&A
  • Transaction Amount
    $725,000,000
  • Transaction Round
  • Proceeds Purposes
  • M&A Terms
    Life Technologies Corporation (NASDAQ: LIFE), a provider of innovative life science solutions, today announced a definitive agreement to acquire Ion Torrent for $375 million in cash and stock. The sellers are entitled to additional consideration of $350 million in cash and stock upon the achievement of certain technical and time-based milestones through 2012.