Agilent To Buy Seahorse Bioscience For $235 Mln

(RTTNews) - Scientific instruments maker Agilent Technologies Inc (A) on Wednesday agreed to buy Seahorse Bioscience for $235 million in cash.

Seahorse, founded in 2001, is a privately held company that provides instruments and assay kits for measuring cell metabolism and bioenergetics. Agilent expects the deal to be accretive in FY16.

Based in Billerica, Massachusetts, Seahorse has manufacturing operations in Chicopee, Massachusetts, with regional offices in Copenhagen, Denmark, and Shanghai, China. Seahorse employs about 200 people and its FY15 revenue is estimated to be $49 million.

The deal is to close by Nov. 1.