M&A Deal Summary

Danaher Acquires Integrated DNA Technologies

On March 9, 2018, Danaher acquired medical products company Integrated DNA Technologies from Summit Partners

Acquisition Highlights
  • This is Danaher’s 8th transaction in the Medical Products sector.
  • This is Danaher’s 26th transaction in the United States.
  • This is Danaher’s 1st transaction in Iowa.

M&A Deal Summary
Date 2018-03-09
Target Integrated DNA Technologies
Sector Medical Products
Buyer(s) Danaher
Sellers(s) Summit Partners
Deal Type Add-on Acquisition

Target

Integrated DNA Technologies

Coralville, Iowa, United States
Integrated DNA Technologies, Inc. is a manufacturer of custom nucleic acids (i.e. building blocks of DNA and RNA) and assists researchers in advancing genomics technology, including synthetic biology and Next-Generation Sequencing. The company serves more than 80,000 customers across a diverse set of end markets including academic research, biotechnology, clinical diagnostics and pharmaceuticals.

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Buyer(S) 1

Buyer

Danaher

Washington, District of Columbia, United States
Category Company
Founded 1969
Sector Diversified
Employees79,000
Revenue 23.9B USD (2023)
DESCRIPTION

Danaher designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher's research and development, manufacturing, sales, distribution, service and administrative facilities are located in more than 50 countries. Danaher's business consists of five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental; and Industrial Technologies. Danaher was incorporated in 1969 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 38 of 43
Sector (Medical Products) 8 of 8
Type (Add-on Acquisition) 35 of 39
State (Iowa) 1 of 1
Country (United States) 26 of 28
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 ID Business Solutions

Surrey, United Kingdom

ID Business Solutions Ltd. (IDBS) is a global provider of advanced software for R&D, company provide organizations with the technology they need to securely capture, manage, share and exploit structured and unstructured data. Company technology and domain expertise enables users to link data to data, data to people and people to people to drive innovation, achieve faster time to market and improve margins.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 GE Biopharma

Pittsburgh, Pennsylvania, United States

GE Biopharma is a provider of instruments, consumables, and software that support the research, discovery, process development and manufacturing workflows of biopharmaceutical drugs. The business is comprised of process chromatography hardware and consumables, cell culture media, single-use technologies, development instrumentation and consumables, and service.

Buy $21.4B

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 223 of 285
Sector (Medical Products) 7 of 8
Type (Add-on Acquisition) 99 of 127
State (Iowa) 1 of 1
Country (United States) 201 of 246
Year (2018) 3 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 ABILITY Network

Minneapolis, Minnesota, United States

ABILITY Network, Inc. is a information technology company helping providers and payers simplify the administrative and clinical complexities of healthcare through innovative applications and data analytics. ABILITY is headquartered in Minneapolis with principal offices in Boston and Tampa.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Sound Physicians

Tacoma, Washington, United States

Sound Physicians is a physician-founded and led organization providing services across the acute episode of care - through emergency medicine, critical care, hospital medicine, transitional care and advisory services. Our clinicians and business colleagues are committed to improving outcomes for patients and hospitals through a proven performance management model. Sound Physicians was founded in 2001 and is based in Tacoma, Washington.

Buy $2.2B
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