Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

GSI Lumonics to Sell Life Sciences Unit

Facebook Twitter LinkedIn Email Comments
GSI Lumonics Inc. of Kanata, Ontario, Canada, has announced that it will sell its biochip and microarray divisions to Packard BioScience Co. of Meriden, Conn., for cash and stock valued at $120 million. GSI's life sciences division represents about 5 percent of total GSI sales and about 75 of its 1400 employees.

Charles Winston, CEO of GSI, said the division will benefit from Packard's global distribution system.

Upon completion of the deal, Packard will be among the three largest providers of biochip and micro-array tools for genomic and proteomic analysis, said company CEO Emery Olcott.

Photonics Spectra
Oct 2000
Businesslight speed

Comments
back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2019 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, info@photonics.com

Photonics Media, Laurin Publishing
x Subscribe to Photonics Spectra magazine - FREE!
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.