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Applied Precision Sells Life Sciences Unit to Telegraph Hill and Execs

NEW YORK (GenomeWeb News) – Applied Precision LLC said yesterday that it has sold its Life Sciences business to a group led by its senior management and investment company Telegraph Hill Partners for an undisclosed sum.
 
The Seattle-area company offers imaging, measurement, and analysis systems to life sciences customers and OEM markets.
 
Under the agreement, the San Francisco-based Telegraph Hill and Applied Precision management parties acquired the DeltaVision microscopy-based imaging systems assets and OEM products, including the arrayWoRx scanner platform and related control solutions.
 
The company, now called Applied Precision Inc., will remain in its current headquarters in Issaquah, Wash., and will continue to be run by Chairman and CEO Ron Seubert, President Joe Victor, and CFO Steve Reichenbach.
 
The company said the transaction closed on April 29.

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