SQI Diagnostics to Acquire Array Hardware Firm Scienion for $15.6M | GenomeWeb

By Justin Petrone

SQI Diagnostics plans to acquire German microarray equipment and services firm Scienion for $15.6 million in cash and stock, the companies said this week.

According to a joint statement, Toronto-based SQI said it believes it will benefit from the deal by being able to develop new array-based diagnostic products and by using Scienion's base in Europe as a launch pad to reach new customers.

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