One week after telling investors that it was still mulling potential acquisitions, Bio-Rad Laboratories this week said that it has agreed to purchase Ciphergen’s proteomics instrument business for approximately $20 million in cash and make a $3-million equity investment in Ciphergen.
 
The firm has not been as aggressive as some of its chief competitors — namely Qiagen and Invitrogen — in the M&A market over the past couple of years, but the Ciphergen acquisition is the firm’s second in the past six months.

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