Life Technologies to Acquire Life Science Korea for Undisclosed SumFriday, June 14, 2013
Life Technologies Corp. announced it is acquiring Life Science Korea, an instrument distributor based in Seoul, South Korea for an undisclosed sum.
LSK has been Life Technologies’ primary instrument distributor since 1994. It serves more than 1,000 customers in academia, government, pharma, biotech, hospitals and applied markets, the company said.
Life Technologies has a history of aggressively making acquisitions, and is continuing to do so despite its pending merger with Waltham, Mass.-based ThermoFisher Scientific. The San Diego company announced it would be acquired for $13.6 million earlier this year.
“The acquisition of LSK is in line with our go-direct strategy in South Korea and builds on our current capabilities and platforms in this important market,” Mark Smedley, president of Life Technologies, Asia Pacific Japan region said in a statement. “The combination of Life Technologies Korea and LSK — bolstered by our recent acquisition of consumables distributor KDR — enables us to offer one channel to serve the many different needs of our South Korean customers and to create a superior purchasing experience.”
— SDBJ Staff Report