January 20, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

Acquisition of BioFire by French Company Finalized

Press Release

January 20, 2014

Salt Lake City - bioMérieux, a French company that provides in vitro diagnostics, has finalized its acquisition of 100 percent ownership in BioFire Diagnostics Inc., a Utah-based company specializing in molecular biology. The agreement to purchase BioFire was first announced on September 4.

BioFire’s site in Salt Lake City will become bioMérieux’s hub for its expansion in molecular biology, and R&D teams from the two companies will contribute to the development of new panels.

“The acquisition of BioFire creates strong growth opportunities,” said Jean-Luc Belingard, chairman and CEO of bioMérieux. “We welcome our new employees and look forward to providing our worldwide customer base with our complete range of diagnostic solutions dedicated to infectious diseases.”

The transaction includes a $450 million acquisition price and the company’s net financial debt (around $35 million), representing a total of €357 million. Acquisition costs will amount to €6 million to be recorded under non-recurring items (about €2 million in 2013 and €4 million in 2014). This acquisition will be essentially funded through bioMérieux’s inaugural €300-million issue of seven-year bonds. 

Utah Business Social
UB Events View All
Health Care HeroesUtah Business Event
Oct 21, 2014
Please join us, along with our sponsors, MountainStar Healthcare, and Roseman University in honor...
Content Marketing BootcampUtah Business Event
Oct 28, 2014
Please join Utah Business Magazine, along with our sponsor Adobe, for an in-depth, hands-on, educ...
Community Events View All
How to Do Business with Kellogg’s
Sep 22, 2014
Participants will gain an awareness of enhanced awareness on the importance of supplier diversity...
DecisionWise Engagement MAGIC Training
Sep 23, 2014
From the authors of MAGIC: Five Keys to Unlock the Power of Employee Engagement. Engagement MA...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel