Labcyte’s technology enables integration capabilities and walkaway convenience which facilitates more cost-effective and quicker laboratory workflows
Beckman Coulter has recently announced that the company has acquired Labcyte Inc. in an attempt to expand its laboratory automation business. Financial terms regarding the deal had not yet been disclosed by both the companies.
A post from GenomeWeb suggests that Labcyte would be assimilated into Beckman Coulter Life Sciences, a part of Danaher Life Sciences platform of companies, which is generating an annual revenue of around $6.5 billion.
Labcyte said in a statement that its technology enables integration capabilities and walkaway convenience which facilitates more cost-effective and quicker laboratory workflows in applications like genomics and drug discovery, factors that Beckman Coulter said attracted the company towards Labcyte.
President of Beckman Coulter Life Sciences, Jonathan Pratt was quoted saying that the unique product portfolio of Labcyte complements Beckman’s existing laboratory automation and liquid handling business. It offers new opportunities for enhancing and developing time-saving solutions for customer workflows, he said.
Pratt further added that Beckman Coulter Life Sciences and Labcyte share a common vision to advance science via discovery, allowing for faster discovery as well as the development of life-changing enhancements in medicine. Both the companies would make a powerful team and an invaluable resource together, for existing and future customers across the globe, he added.
Richard Ellson, Founder and Chief Technology Officer of Labcyte, mentioned that the acoustic liquid handling is rapidly turning out to be the backbone for automated, high-throughput workflows, and the company looks forward towards accelerating innovation and growth as a part of the team of Beckman Coulter Life Sciences.
Labcyte, a privately held firm based in San Jose, CA, has developed the Echo® acoustic droplet ejection (ADE) technology. The technology is designed for transferring minuscule quantities of liquid with accuracy and speed using sound waves and eliminating the need for using pipettes.