Brooks Automation Inc. (BRKS) announced it has acquired FluidX Ltd. for approximately $16 million. FluidX, headquartered near Manchester, England, is a provider of biological sample storage tubes and complementary bench-top instruments. Brooks expects the transaction is another strategic step in the expansion of its life sciences business.
FluidX achieved approximately $10 million in sales in calendar year 2013. Brooks said the transaction is expected to be accretive in fiscal 2015 on a non-GAAP basis and supports its current gross margin expectations in life sciences.
Steve Schwartz, CEO of Brooks, said, "We have known FluidX as an innovative provider of consumables for bio sample storage since we entered this space in 2011 and are pleased to have them as part of our team. Their offerings can be found inside many of the bio-stores around the world and provide Brooks with the opportunity to offer a complete bio-store solution."
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