Bio-Rad Offers to Acquire Digital PCR Developer Stilla Technologies
February 13 2025 - 3:15PM
Business Wire
Transaction To Complement Bio-Rad’s Existing
Digital PCR Portfolio and Accelerate Development of Next-Generation
Digital PCR Solutions
Bio-Rad Laboratories, Inc. (NYSE: BIO and BIO.B), a global
leader in life science research and clinical diagnostics products,
today announced that the company has entered into a binding offer
to purchase all equity interests in Stilla Technologies (“Stilla”).
The acquisition remains subject to consultation with relevant
employee representatives, regulatory approvals, and other customary
closing conditions, and is expected to close by the end of the
third quarter of 2025.
With operations in France and the U.S., Stilla develops and
markets next-generation digital PCR instruments, consumables, and
assays. The company’s Nio® family of all-in-one digital PCR systems
aids the development of a wide range of genetic tests and molecular
assays across multiple applications including liquid biopsy for
oncology diagnostics, cell and gene therapy, organ transplant
testing, infectious diseases, and food and environmental
testing.
"Stilla’s next-generation digital PCR solutions would make a
compelling and complementary addition to Bio-Rad’s best-in-class
digital PCR portfolio,” said Norman Schwartz, CEO of Bio-Rad
Laboratories. “Once closed, the acquisition will support our
strategy to further expand our business into applied research and
clinical diagnostics where customers expect a higher degree of
automation and throughput capabilities.”
Jim Barry, EVP and President of Bio-Rad’s Life Science Group,
added, “Together with our planned launch of Bio-Rad’s QX Continuum™
system, the Stilla platform would allow us to serve the full range
of digital PCR applications and help us meet the evolving needs of
customers in genomics research and applied science.”
Rémi Dangla, CEO of Stilla Technologies, stated, “We are
thrilled with the prospect of joining Bio-Rad, a leader in the
field of digital PCR. With Stilla’s passion for product development
and Bio-Rad’s extensive life science expertise, operational
excellence, and global reach, together we can bring substantial
value to the work of applied research and biopharma customers
around the globe.”
BIO-RAD and QX Continuum are trademarks of Bio-Rad Laboratories,
Inc., Nio is a trademark of Stilla Technologies SAS.
About Bio-Rad
Bio-Rad Laboratories, Inc. (NYSE: BIO and BIO.B) is a leader in
developing, manufacturing, and marketing a broad range of products
for the life science research and clinical diagnostics markets.
Based in Hercules, California, Bio-Rad operates a global network of
research, development, manufacturing, and sales operations with
approximately 7,700 employees, and $2.6 billion in revenues in
2024. Our customers include universities, research institutions,
hospitals, and biopharmaceutical companies, as well as clinical,
food safety and environmental quality laboratories. Together, we
develop innovative, high-quality products that advance science and
save lives. To learn more, visit www.bio-rad.com.
Bio-Rad Forward-Looking Statements
This release may be deemed to contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include,
without limitation, statements we make regarding our offer to
acquire Stilla Technologies. Forward-looking statements generally
can be identified by the use of forward-looking terminology such as
"plan", "believe," "expect," "anticipate," "may," "will," "intend,"
"estimate," "continue," or similar expressions or the negative of
those terms or expressions, although not all forward-looking
statements contain these words. Such statements involve risks and
uncertainties, which could cause actual results to vary materially
from those expressed in or indicated by the forward-looking
statements. These risks and uncertainties include, but are not
limited to, the timing of the proposed transaction; the possibility
that various conditions to the consummation of the proposed
transaction may not be satisfied or waived; the ability to obtain
necessary regulatory approvals or to obtain them on acceptable
terms or within expected timing; the effects of disruption from the
proposed transaction and the impact of the announcement and
pendency of the proposed transaction on Stilla Technologies’
business; the possibility that the anticipated benefits from the
proposed transaction cannot be realized in the manner contemplated;
the ability to successfully integrate the acquired business into
the Company’s operations; the planned launch of our QX Continuum
system; and other factors beyond the control of the Company and/or
Stilla Technologies. For further information regarding our risks
and uncertainties, please refer to the "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operation" in Bio-Rad's public reports filed with the
Securities and Exchange Commission, including our most recent
Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
Bio-Rad cautions you not to place undue reliance on forward-looking
statements, which reflect an analysis only and speak only as of the
date hereof. We disclaim any obligation to update these
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20250213083127/en/
Bio-Rad Investor Contact: Edward Chung, Investor
Relations 510-741-6104 ir@bio-rad.com
Bio-Rad Media Contact: Anna Gralinska, Corporate
Communications 510-741-6643 cc@bio-rad.com
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