M&A Deal Summary

PositiveID Acquires MicroFluidic Systems

On May 10, 2011, PositiveID acquired test/measurement equipment company MicroFluidic Systems for 8M USD

Acquisition Highlights
  • This is PositiveID’s 1st transaction in the Test/Measurement Equipment sector.
  • This is PositiveID’s largest (disclosed) transaction.
  • This is PositiveID’s 2nd transaction in the United States.
  • This is PositiveID’s 1st transaction in California.

M&A Deal Summary
Date 2011-05-10
Target MicroFluidic Systems
Sector Test/Measurement Equipment
Buyer(s) PositiveID
Deal Type Add-on Acquisition
Deal Value 8M USD

Target

MicroFluidic Systems

Pleasanton, California, United States
MicroFluidic Systems is focused on the development of microfluidic systems for automated preparation of and performance of biological assays. MFSI personnel have been involved with the development of automated DNA-based pathogen detection systems and microfluidics for the U.S. Government and commercial markets for over 25 years, including the world's first miniaturized, portable, battery-operated, real-time, PCR-based detection system.

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Buyer(S) 1

Buyer

PositiveID

Delray Beach, Florida, United States
Category Company
Sector Life Science
Revenue 5M USD (2017)
DESCRIPTION

PositiveID is a life sciences tools and diagnostics company with an extensive patent portfolio. PositiveID develops biological detection and diagnostics systems, specializing in the development of microfluidic systems for the automated preparation of and performance of biological assays. PositiveID is based in Delray Beach, Florida.

DEAL STATS #
Overall 2 of 4
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 2
Country (United States) 2 of 4
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-17 Easy Check Medical Diagnostics

Miami, Florida, United States

Easy Check Medical Diagnostics LLC is a non-invasive glucose detection system that measures acetone levels in a patient's exhaled breath. Easy Check's breath glucose detection system combines a proprietary chemical mixture of natrium nitroprussid with breath exhalate, which is intended to create a new molecular compound that can be measured with its patent pending technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 Thermomedics

Miami, Florida, United States

Thermomedics, Inc. is a manufacturer and marketer of FDA-cleared Caregiver® non-contact clinical-grade thermometer.

Buy -
Mergr

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