Molecular Devices to Acquire Leading Scanner-Maker Axon for $140 Million | GenomeWeb

A maker of the one of the key components in microarray technology — the scanner — is changing ownership.

On Monday, Sunnyvale, Calif.-based Molecular Devices announced that it will acquire Axon Instruments of Melbourne, Australia, in a cash-and-stock transaction valued at approximately $140 million. The company will also obtain Axon’s $29 million in cash and marketable securities in the deal.

The acquisition, which is subject to regulatory and shareholder approval, is expected to close by the start of the third quarter.

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