US-based microfluidic systems developer Fluidigm Corporation (NASDAQ:FLDM) has entered into a definitive agreement to acquire DVS Sciences, which makes bioanalytical solutions, in a bid to create a single-cell ‘technology powerhouse’.
The acquisition consideration of approximately $207.5 million consists of a combination of Fluidigm common stock and cash. Fluidigm expects to fund the cash portion of the acquisition consideration primarily using proceeds from a proposed convertible notes offering. Subject to customary closing conditions, the transaction is currently expected to close in February, when DVS would become a wholly-owned subsidiary of Fluidigm.
Capabilities in biological research
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