In Massachusetts, Brooks Automation, Inc. announced it has acquired Cool Lab, LLC in exchange for a $5 million cash payment and a $9 million value non-cash consideration. Cool Lab, which made $5 million in sales over the last year, is a subsidiary of BioCision LLC. Cool Lab focuses on high tech storage and transportation solutions for cryogenics, biological samples and biomaterials, while BioCision focuses on standardized biomaterial sample handling. Brooks Automation, which began with automation and cryogenic products for the semiconductor industry and expanded into life sciences over the years, had been in partnership with BioCision since 2014 through an equity interest. Brooks Automation and BioCision have collaborated on several products over the years, some of which had been transferred into Cool Lab.
Latest article
Pineapple pact shows fruits of collaboration on Earth Day
In California, Dole Packaged Foods has partnered with circular design firm Rais Case and Ananas Anam, creator of pineapple-based textile Piñatex®, to tackle pineapple...
Project converting chicken feathers into cultivated chicken meat concludes first phase
In Italy, a research project looking to grow cells from chicken feathers into chicken meat has concluded its first phase by generating a batch...
Vote for sustainability: Bioplastic dummy ballots used to spread voter awareness
In India, IIT Guwahati has developed 3D-printed dummy ballots made of biobased polylactic acid.
Commissioned by the Systematic Voters' Education and Electoral Participation Cell, the...