QIAGEN acquires Chinese company.
Venlo Venlo (vĕn`lō), city (1994 pop. 65,367), Limburg prov., SE Netherlands, on the Maas (Meuse) River, near the German border. It is a trade center for fruit and vegetables. Manufactures include lumber and chemicals. , The Netherlands, 6/13/05--QIAGEN NV has acquired
Beijing-based Tianwei Times, a developer, manufacturer and supplier of
nucleic acid nucleic acid, any of a group of organic substances found in the chromosomes of living cells and viruses that play a central role in the storage and replication of hereditary information and in the expression of this information through protein synthesis. sample preparation consumables, for around $2.0 million in
cash and potential earn-outs over two years of $2.0 million. The
transaction is forecasted to contribute $1.5-$2.0 million in sales and
approximately $0.3 million in net income in 2006. The acquisition is
pending Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
- Chinese Soviet Republic
- Provisional Government of the Republic of China
- Reformed Government of the Republic of China
approval.
This follows Invitrogen's purchase of a Chinese supplier last
year (see IBO Ibo: see Igbo. 12/14/05). China's life science research market is
among the fastest growing worldwide and both companies no doubt believe
that ownership of an established provider can provide a competitive
advantage.
COPYRIGHT 2005 Strategic Directions International Inc. (SDI)
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Copyright 2005 Gale, Cengage Learning. All rights reserved.
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