Advertisement

Picture EBD Group BIO-Europe Spring 2019 BES Wien Vienna Austria 273x168px
Financing › Details

Invisible Sentinel–Mérieux: investment, 201902 acquisition $75m in cash by bioMérieux

 

Period Period 2019-02-07
Organisations Money taker Invisible Sentinel Inc.
  Group Mérieux (Group)
  Money source bioMérieux S.A. (Euronext: BIM)
  Group Mérieux (Group)
Products Product Veriflow® DNA signature capturing technology
  Product 2 Gene-Up® PCR-based food pathogen detection system
     

bioMérieux S.A.. (2/7/19). "Press Release: bioMérieux Acquires Invisible Sentinel, a US-based Company Specialized in Food and Beverage Molecular Testing". Marcy l’Étoile.

bioMérieux, a global player in in vitro diagnostics and world leader in food microbiology testing, today announced the acquisition of Invisible Sentinel Inc. This company, based in Philadelphia (PA) develops, manufactures and markets innovative and user-friendly molecular diagnostic tools for the rapid, accurate and reliable detection of pathogens and spoilage organisms in food and beverage.

Invisible Sentinel has developed Veriflow®, an innovative DNA Signature Capturing Technology that combines very simple protocols and workflows with rapid results, accuracy and specificity. This molecular testing platform is very easy to use and does not require sophisticated lab infrastructure. It targets diversified customers segments in the food and beverage industry (beer, wine, poultry, juices, nutraceuticals, etc.). The patented Veriflow® technology, which integrates innovative approaches based on conventional scientific principles, already has a proven market uptake with more than 1 million tests sold since its launch in 2014.

This acquisition strengthens bioMérieux’s position in food pathogen testing and spoilage organism detection by expanding it to new customer segments such as breweries and wineries. bioMérieux will now offer innovative alternatives to deliver accurate results for rare pathogen testing and challenging food matrices. The acquisition also complements bioMérieux’s molecular food testing solution GENE-UP® nicely and offers the opportunity to adapt Invisible Sentinel assays on the GENE-UP® system, making them available to customers processing high daily volumes of samples.

“We are very enthusiastic about having the talented team at Invisible Sentinel join us, and welcome them to bioMérieux,” said Nicolas Cartier, Executive Vice President, Industrial Microbiology Unit at bioMérieux. “This acquisition illustrates bioMérieux’s commitment to bring innovative solutions to customers of all sizes to ensure food and beverage quality and contribute to protecting consumer’s health.”

Dr. Nicholas Siciliano, Chief Executive Officer and co-founder of Invisible Sentinel, added: “We are thrilled to join the bioMérieux family today. bioMérieux’s rich history of pioneering innovation in diagnostics makes them the ideal partner for us to accelerate our growth. Their global commercial network and leadership in the food microbiology market will allow our products to reach even more customers worldwide while also empowering us to provide additional technologies and resources to our U.S. client base. Ultimately, this partnership will greatly enhance our ability to develop new products, introduce our technologies to new markets, and to better serve our existing customers in the food and beverage industry.”

bioMérieux has acquired all shares of Invisible Sentinel Inc. for approximately $75 million in cash, subject to customary adjustments. The company has 40 employees (FTE) and generated sales of about $9 million in 2018 with very strong double-digit growth year on year.


ABOUT BIOMÉRIEUX

Pioneering Diagnostics A world leader in the field of in vitro diagnostics for more than 50 years, bioMérieux is present in more than 150 countries through 43 subsidiaries and a large network of distributors. In 2017, revenues reached €2,288 million, with over 90% of international sales.

bioMérieux provides diagnostic solutions (systems, reagents, software) which determine the source of disease and contamination to improve patient health and ensure consumer safety. Its products are mainly used for diagnosing infectious diseases. They are also used for detecting microorganisms in agri-food, pharmaceutical and cosmetic products.

bioMérieux is listed on the Euronext Paris stock market
Symbol: BIM - ISIN Code: FR0013280286
Reuters: BIOX.PA/Bloomberg: BIM.FP
Corporate website: www.biomerieux.com.
Investor website: www.biomerieux-finance.com.


CONTACTS

Investor Relations

bioMérieux
Sylvain Morgeau
Tel.: + 33 4 78 87 22 37
investor.relations@biomerieux.com

Media Relations

bioMérieux
Aurore Sergeant
Tel.: + 33 4 78 87 20 53
media@biomerieux.com

Image Sept
Laurence Heilbronn
Tel.: + 33 1 53 70 74 64
lheilbronn@image7.fr

Claire Doligez
Tel.: + 33 1 53 70 74 48
cdoligez@image7.fr

   
Record changed: 2019-03-14

Advertisement

Picture EBD Group BIO-Europe Spring 2019 BES Wien Vienna Austria 273x168px

More documents for Mérieux (Group)


To subscribe to our free, monthly mass spectrometry newsletter, please send an e-mail to info@iito.de and simply fill the subject line with the word »MSC Newsletter«

To get even more information, please take a look at our [gs] professional services offering and read the gene-sensor Product Flyer [PDF file]

Please visit also our web portals for the Eurpean life sciences and the life sciences in German-speaking Europe (DE, AT & CH) at Life-Sciences-Germany.com and Life-Sciences-Europe.com

Advertisement

Picture [LSUS] Life-Sciences-USA.com – The Business Web Portal 600x60px




» top