Bio-Rad Laboratories Announces the Sale of Its Semiconductor Measurements Division to Accent Semiconductor
Hercules, CA. Bio-Rad Laboratories, Inc. (Amex: BIO.A; BIO.B) announced today that it has completed the sale of the assets of its semiconductor measurements business to Accent Semiconductor Technologies, Inc. of Mountain View, California. The Bio-Rad business being acquired is headquartered in York, England, with activities in Cambridge, Massachusetts, Albuquerque, New Mexico and Mountain View, California. It supplies sophisticated measurement tools to semiconductor manufacturers for applications including monitoring of wafer production processes and semiconductor device research.
Operations of the businesses will remain essentially unchanged in their current locations. The terms of the sale include $27 million in cash, $8 million in a subordinated note, and an 18% interest in Accent Semiconductor Technologies.
Bio-Rad s semiconductor equipment businesses are growing profitably and are among the leading suppliers of these tools to the optoelectronics industry. Divestiture of these assets is designed to allow Bio-Rad to focus more closely on its core healthcare and life science markets.
Bio-Rad Laboratories, Inc. (www.bio-rad.com) is a multinational manufacturer and distributor of life science research products, clinical diagnostics and analytical instrumentation, based in Hercules, California. The company serves more than 70,000 research and industry customers worldwide through a network of more than 30 wholly owned subsidiary offices.
Contact: Ronald W. Hutton Treasurer of Bio-Rad Laboratories, Inc. Tel: 510-724-7000 Email: ron_hutton@bio-rad.com
Ronald W. Hutton
Treasurer of Bio-Rad Laboratories, Inc.
Tel: 510-724-7000
Email: ron_hutton@bio-rad.com
E-mail: ron_hutton@bio-rad.com
Web site: http://www.bio-rad.com