Monday, July 16, 2012

One Lambda Acquired By Thermo Fisher Scientific For $925M

Canoga Park-based One Lambda, a supplier of tissue typing testing technology, has been acquired by Thermo Fisher Scientific is a deal worth $925M in cash. Thermo Fisher Diagnostic said the purchase price includes a three year retention program and one-year earnout dependent on financial targets. One Lambda is a developer of diagnostic testing kits, used in transplant diagnostics, and is privately held. One Lambda has approximately 320 employees. According to Thermo Fisher Scientific, One Lambda had revenues of $182M in 2011, and becomes part of its Specialty Diagnostics Segment. One Lambda was founded in 1984, based on technology developed at UCLA in the labs of UCLA professor Paul Terasaki; the firm's co-founder, President, and CEO is George M. Ayoub.