Life Technologies
 Shaping Discovery. Improving Life. | |
| Type | Public |
|---|---|
| Traded as |
NASDAQ: LIFE S&P 500 Component |
| Industry | Life Science/Biotechnology |
| Predecessor(s) |
Invitrogen, Applied Biosystems |
| Founded | 2008 |
| Headquarters | Carlsbad, California, U.S. |
| Key people |
|
| Revenue | $3.8 Billion (2012) |
| Employees | Approx. 10,000 |
| Website | www.lifetechnologies.com |
Life Technologies was an American biotechnology company that sold products and services in the fields of scientific research, genetic analysis and applied sciences. The company operated in various countries and holds various patents and licenses. In February 2014, it was acquired by Thermo Fisher Scientific.
Brands
The company's brands included Applied Biosystems, Ambion, Gibco, Invitrogen, Molecular Probes, Novex, and Ion Torrent.
History
The original Life Technologies, Inc. (LTI), a subsidiary of Dexter Corp., was founded in 1983 by the merger of Bethesda Research Laboratories, Inc. (BRL) and GIBCO Corp. (Grand Island Biological Company).[1] It was bought out by the smaller, cash-rich Invitrogen in 2000 that gradually discontinued the use of the name Life Technologies.
Life Technologies Corp.(NASDAQ: LIFE) was formed in 2008 with the completion of the merger of Invitrogen Corporation(NASDAQ: IVGN) and Applied Biosystems Inc.(NYSE: AB)
Applied Biosystems
Applied Biosystems (formerly GeneCo) was founded in 1981 by Sam Eletr and Andre Marion as a biochemical and manufactured diagnostic research instrument manufacturer. In 1983, it was acquired by Perkin Elmer and kept private until 2000 when it was released as a publicly traded company. Its former parent became Applera. In 2002, Applied Biosystems had a revenue of $1.6 billion.[citation needed]
Invitrogen
Invitrogen was founded by Lyle Turner, Joe Fernandez and William MacConnell (who was later bought out) in 1987. They developed kits, reagents and services for the molecular biology research market.[2]
Invitrogen’s initial public offering (IPO) was made in February 1999 and raised $48.1M.
Acquisition
In 2013, it was announced that Thermo Fisher would acquire Life Technologies for $13.6 billion.[3] Integration of Life Technologies and Thermo Fisher Scientific was completed February 4, 2014. Thermo Fisher announced that Life Technologies would continue to operate as a segment named Life Sciences Solutions.[4]
References
- ↑ http://tools.invitrogen.com/content/sfs/brochures/B-066802-Sera_Bro.pdf
- ↑ History | Life Technologies
- ↑ Bill Berkrot (15 April 2013). "Thermo Fisher to buy Life Tech for $13.6 billion". Reuters. Retrieved 17 April 2013.
- ↑ "Thermo Fisher Scientific Completes Acquisition of Life Technologies Corporation". MarketWatch. The Wall Street Journal. February 3, 2014. Retrieved 4 February 2014.
