Thermo Electron acquires InnaPhase Corporation
Thermo Electron Corporation has extended its position as the world's largest provider of LIMS products and services with the acquisition of Philadelphia-based InnaPhase Corporation for approximately US$65m.
Thermo Electron Corporation has extended its position as the world's largest provider of LIMS products and services with the acquisition of Philadelphia-based InnaPhase Corporation for approximately US$65m.
InnaPhase is a leading supplier of LIMS for the pharmaceutical and biotechnology markets, employs more than 100 people and expects revenues of approximately $26m in 2004. Its flagship Watson LIMS is said to be the leading product in drug development laboratories and the industry standard for bioanalytical applications. InnaPhase's products will be integrated with Thermo's informatics product line, which includes SampleManager, the leading LIMS for large analytical laboratories.
'The addition of InnaPhase's pharmaceutical LIMS technology broadens and strengthens the array of solutions that Thermo is able to provide its customers in key applications such as proteomics and ADME/TOX,' said Dr Marijn E. Dekkers, president and ceo of Thermo Electron Corporation.
'Bringing together the proven, innovative products and the industry knowledge represented by people from both organisations - along with Thermo's best-in-class instrument, equipment and service capabilities - will allow us to provide a breadth of solutions that is unequalled in the industry,' added Dr Jo Webber, former ceo of InnaPhase. She has been newly appointed to general manager of Thermo's informatics business.