Brooks Automation, Inc. (Nasdaq: BRKS) announced today that it has acquired RURO, Inc., an informatics software company based in Frederick, Maryland. The total cash purchase price of the acquisition was $15 million, subject to customary working capital and other adjustments.
RURO provides cloud-based software solutions to manage laboratory workflow and bio-sample data for a broad range of customers in the biotech, healthcare, and pharmaceutical sectors. Its customers include such names as MD Anderson, Amgen, Exact Sciences, and the NIH. The addition of RURO’s capabilities and offerings will enable Brooks to offer enhanced onsite and off-site management of biological sample inventories as well as integration solutions to its customers for their increasingly distributed workflow.
Steve Schwartz, president and CEO commented, “In managing more than 50 million samples on behalf of our customers, we have long been in a position to offer information management solutions to many of our customers. We have worked with RURO in recent years and found their solutions are very effective at resolving the challenges of integrating multi-laboratory workflows, managing distributed inventories, and providing information security in a single solution. We are in an ideal position to offer and implement these comprehensive software solutions with increased value for our customers.”
The Company closed the acquisition earlier today and has aligned the RURO management under the Brooks Life Sciences business in its Sample Management operations. In the twelve months ended December 31, 2019, RURO generated approximately $5 million in revenue. The Company expects the acquisition will be accretive to non-GAAP earnings within the first year.
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Source: BioSpace
