Bruker Corporation (BRKR) announced its plan to takeover of Prairie Technologies, Inc. (“Prairie”), a provider of life science fluorescence microscopy products. Bruker plans to operate Prairie Technologies as a business unit in the Madison, WI area.
The acquisition will fortify Bruker's position in the life science markets. Prairie's world leading multiphoton product offerings will synergize well with the existing life science atomic force microscopy (Bio-AFM) systems of Bruker Nano Surfaces division.
Bruker's decision to acquire Prairie will help it to enter the fluorescence microscopy market, which primarily comprises of multipoint scanning confocal, single-photon confocal, and multiphoton products. Prairie caters to a market that is estimated at more than $150 million, annually.
A privately held company, Prairie works with a global workforce of only 30 employees. It generated revenues of about $11 million in 2012. It is a forerunner in the multiphoton fluorescence microscopy field, having contributed significantly to research in the fields of neurobiology and cell biology through innovative optical instrument designs and effective software features. Prairie's state-of-the-art solutions promise to provide dynamic opportunities for BRKR to explore new untapped markets.
Prairie boasts of a strong customer base on the ground of its path-breaking fluorescence microscopic products. Scientists conducting experiments in photoactivation, photostimulation, photoablation, optogenetics, and electrophysiology studies, use Prairie Technologies’ systems.
Prairie's offerings include the Ultima and Ultima In-Vivo, two-photon microscopy product lines designed for neurobiologists and cell biologists. Such innovative products and flexible configurations facilitate both advanced brain slice as well as intra-vital studies deep into tissues to over 900 microns in penetration depth. Another well-known product from the company is Opterra, a multipoint scanning confocal fluorescence microscope that promises to deliver high-speed, live cell imaging and observation of fast cellular events.
Prairie Technologies, on the other hand, seeks to utilize the global marketing, distribution and service capabilities of the Bruker Nano Surfaces division to expand customer base.
BRKR currently carries a Zacks Rank #3 (Hold). Other stocks in the medical instrument industry that are worth a look include Perkinelmer Inc (PKI), Echo Therapeutics Inc (ECTE) and Luminex Corp. (LMNX), each of which carries a Zacks Rank #2 (Buy).
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