News Release
Digilab, Inc. purchases Genomic Solutions, Inc. and MAIA Scientific
Dec. 3, 2007 --
Digilab, Inc. today announced it has completed the purchase of the Genomic Solutions and MAIA Scientific businesses from
Harvard Bioscience NASDAQ: HBIO. The two businesses comprise the majority assets of HBIO's Capital Equipment
Division with approximately $20 million in revenues.
Sidney Braginsky, Executive Chairman of Digilab, remarked "the acquisition of Harvard Biosciences Genomics Solutions and MAIA Scientific
businesses broadens our global footprint in both the Life Sciences Research pre-analytics market and our commitment to provide downstream
systems and solutions using novel sample preparation, biomarker, and spectroscopy methods for point of need applications in healthcare,
process control, and safety and security markets. As has been true in the past, Digilab looks forward to solidifying and further expanding
its customer and partner relationships to build the future value of Digilab's products and services."
About Digilab, Inc.
A global leader in molecular spectroscopy systems for over 40 years, Digilab provides innovative products and services for the
life sciences research and in-vitro diagnostics markets including pharmaceutical and biotech industries as well as universities
and governments. Digilab's primary focus is on sample preparation, bioinformatics, and detection/analysis tools enabling solutions
for research and development featuring molecular spectroscopy methods.
Digilab acquired SpectraCode in West Lafayette Indiana, a technology leader in Raman Spectroscopy and developer of
systems/solutions for portable "point of need" molecular spectroscopy identification. Digilab concluded an exclusive
OEM Distribution Agreement with Boehringer Ingelheim Microparts under which it commercializes Boehringer Ingelheim
proprietary MicroSystems Technology (MST) Microspectrometers. Digilab and Boehringer Ingelheim also have a cooperation
to bring point of need molecular spectroscopy devices to the marketplace. Digilab acquired BioVisioN GmbH, now Digilab
Peptidomics®. Digilab Peptidomics has developed and commercializes internationally patented Peptidomics® products and
services. Digilab works with companies such as AstraZeneca, Boehringer Ingelheim, Merck & Co, Novartis, Novo Nordisk,
Roche Diagnostics, Abbott Diagnostics, and Solvay Pharmaceuticals to address their needs for novel peptide biomarkers,
diagnostics, and bioactive peptides for targeted therapeutics.