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Thermo Electron to Buy French Lab-Equipment Seller Jouan

NEW YORK, Sept. 18 (GenomeWeb News) - Thermo Electron will acquire French lab-equipment provider Jouan 110.9 million euros ($124 million) in cash plus the assumption of around 7.1 million euros in consolidated net debt.

Jouan, which markets products like centrifuges, biological safety cabinets, freezers, and incubators, had sales of around 82 million euros in 2003. The company has also incorporated robotics into "many" of its products to "meet the increased throughput requirements" of its customers.

Jouan's products are also sold worldwide under the brand names Precision, NAPCO, Heto, Holten, and ALC brands. The company is headquartered in Saint-Herblain, France, and has manufacturing operations in France, Denmark, Italy, the CzechRepublic, and the UnitesStates.

The acquisition is expected close by the end of the year.

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