HandyLab acquisition paves way for 'future expansions,' executive says
The global medical devices company that’s acquiring Ann Arbor-based HandyLab expects to leverage the opportunity to expand into new markets, executives said today.
BD President Vincent Forlenza said the HandyLab’s rapid-detection-infection system is an “ideal complement” to the company’s technology portfolio.
The acquisition could lead to “future expansions into other molecular diagnostic opportunities,” Forlenza said on an earnings call with investors.
AnnArbor.com reported last month that BD agreed to pay close to $300 million for HandyLab, which employs about 60 workers in Pittsfield Township. BD is expected to maintain HandyLab’s local operation.
BD reported $7.2 billion in revenue for the 2009 fiscal year. The company has about 29,000 employees in 50 countries.