GE Healthcare has announced it has reached an agreement to acquire Xcellerex, a supplier of manufacturing technologies for the biopharmaceutical industry, according to a news release (pdf).
Xcellerex is a developer and producer of turn-key bio-manufacturing systems and production-scale bioreactors based around single-use components. Its products and services include FlexFactory, a bioprocess manufacturing platform that handles the production of bioproducts, such as vaccines, yeast, and insulins.
Financial terms were not disclosed. The acquisition is expected to close in the second quarter of 2012.
Xcellerex, based in Marlborough, Mass., employs approximately 135 people and had revenues of approximately $50 million in 2011.
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