Smith, Gambrell & Russell Represents Luminex Corporation in $75 Million Acquisition of MilliporeSigma's Flow Cytometry Portfolio
ATLANTA (January 7, 2019) – Smith, Gambrell & Russell, LLP (SGR) is pleased to announce that firm client, Luminex Corporation (Luminex; NASDAQ: LMNX), has closed on its acquisition of MilliporeSigma's flow cytometry portfolio. The acquisition is expected to contribute $40 million to $50 million in revenue to Luminex in 2019. SGR served as legal counsel to Luminex in the transaction totaling $75 million in combined stock, asset, and inventory purchases.
The strategic acquisition enhances Luminex's existing offering of flow-based detection systems, which further differentiates its portfolio while simultaneously expanding the company’s direct interactions with researchers conducting cellular analysis. Luminex’s installed base now includes more than 5,000 flow cytometry systems worldwide with the potential for additional meaningful growth to support customers into the future.
MilliporeSigma's flow cytometry portfolio includes Amnis®, the market-leading family of imaging flow cytometry products for cell-based analysis, as well as their Guava® portfolio of products, which are economical, high-performance systems based on microcapillary technologies.
SGR Partner Jonathan Minnen, in the firm’s Mergers & Acquisitions Practice, served as lead transaction counsel for Luminex, along with Richard Rew, the Senior Vice President and General Counsel for Luminex. Associate Heiko Gruenwald, in SGR’s Atlanta Corporate Practice, also assisted.
About Luminex Corporation
The mission at Luminex is to empower labs to obtain reliable, timely, and actionable answers, ultimately advancing health. Luminex offers a wide range of solutions applicable in diverse markets including clinical diagnostics, pharmaceutical drug discovery, biomedical research, genomic and proteomic research, biodefense research, and food safety. Luminex accelerates reliable answers while simplifying complexity and delivering certainty with a seamless experience. To learn more about Luminex, please visit www.luminexcorp.com.
About Smith, Gambrell & Russell, LLP
SGR is a full service, international law firm that advises regional, national and global businesses on a wide range of legal matters. The firm’s more than 225 attorneys provide legal counsel in more than 45 specialized practice areas, including corporate transactions, litigation, intellectual property, aviation, banking, real estate, construction and employment law. Founded in 1893, SGR has offices in Atlanta, Austin, Jacksonville, London, Los Angeles, Miami, Munich, New York, Southampton, and Washington, D.C.
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