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TCG Lifesciences’s Informatics Unit Acquires the SQL LIMS Business of Life Technologies Corporation

TCG Lifesciences has strengthened its informatics business unit, LabVantage Solutions Inc., with the acquisition of the SQL*LIMS business from Applied Biosystems, a part of Life Technologies Corporation. The move unites LabVantage’s premier thin-client LIMS, SAPPHIRE, with a significant global footprint of experienced LIMS professionals. ‘This strategic acquisition will significantly strengthen TCG Lifesciences’s global leadership position in the laboratory informatics market and enable it to better serve its customers with a broader range of world class products and services,’ said Dr. Purnendu Chatterjee, Chairman of TCG Lifesciences. He added, ‘This also facilitates LabVantage’s growth in the forensics and human identification markets and bolsters the strategic expansion plans of TCG Lifesciences.’ ‘While the LIMS business is an important asset for a segment of our customers, it was not a perfect fit with our strategic direction,’ said Mark Stevenson, Life Technologies’ President and Chief Operating Officer. ‘This agreement will allow us to better focus on our strengths, while ensuring our continued collaboration and access to solutions in the forensics and life sciences markets.’ Axis Bank, recognizing significance of this acquisition, played a key role in financing this transaction. Shikha Sharma, MD & CEO, Axis Bank, pointed out, ‘Axis Bank is pleased to support TCG Lifesciences with this strategic acquisition which we believe will be a trendsetter for Indian companies to acquire growing business and strong intellectual property assets to attain a global leadership positions.’

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