Varian Buying IonSpec

The deal is worth $16 million.
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Varian

(VARI)

acquired

IonSpec

for $16 million in cash and debt.

The Palo Alto, Calif., company said it acquired IonSpec's crucial Fourier Transform mass spectrometry to strengthen its information rich detection product portfolio. This provides users with multidimensional layers of knowledge critical to their ability to optimize analyses and processes.

FTMS instruments are used in laboratories around the world to discover the function and structural characterization of proteins and other biomolecules in various biological systems.

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