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Waters to snap up Andrew Alliance
Posted on Tuesday, 14 January 2020 14:58
Waters is buying Swiss speciality laboratory automation technology company Andrew Alliance for an undisclosed sum.
No financial details were announced.
Headquartered in Geneva, Andrew Alliance develops cloud-native software platforms, modern interfaces and robotics to improve the use of automation technology for scientists.
Its products include the OneLab, which allows users to design and execute laboratory protocols and experiments, as well as eliminating error-prone calculations and recipe descriptions.
The group’s flagship product Andrew+ robot also enables scientists to transition from manual pipetting procedures to fully robotised workflows without any programming or automation engineering.
Its other offerings include the Peltier+, a connected peltier device, which provides continuous monitoring of temperature and can be connected to OneLab via Wi-Fi for remote control and tracking.
Andrew Alliance, which is billed as CO2-Neutral certified company, has around 40 employees in Switzerland, France and the US.
Chris O’Connell, chairman of Waters, said: “The acquisition of Andrew Alliance broadens our technology portfolio to include advanced robotics and software that will positively impact our customers’ workflows across pharmaceuticals, life sciences and materials science markets.
“This move also demonstrates Waters’ commitment to deploy capital to growth-oriented acquisitions that reinforce our specialty strategy and enhance our core business.”
Andrew Alliance’s chief executive, Piero Zucchelli, noted the deal would help accelerate the delivery of its software and hardware technologies to customers, as mass spectrometry becomes more available to users.
Nasdaq-listed Waters claims to be the world’s leading speciality measurement company.
The group has around 7,200 employees and sells its products throughout 100 countries worldwide.
In the nine months to 28th September 2019, Waters posted sales of USD 1.69 billion, slightly down from USD 1.74 billion in the corresponding period of 2018.
Zephyr, the M&A database published by Bureau van Dijk, shows there were 1,837 deals targeting navigational, measuring, electromedical and control instrument manufacturers announced worldwide in 2019.
Google agreed to acquire US-based Fitbit in the largest of these.
© Zephus Ltd