Qiagen N.V.


Ad hoc-announcement. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------

    Venlo, The Netherlands and Tokyo, Japan (ots Ad hoc-Service) -      

    QIAGEN, N.V. (Nasdaq: QGENF, Neuer Markt: QIA, Easdaq: QGEN) today announced the acquisition of the SAWADY Group of companies ("SAWADY Group"). QIAGEN believes that these SAWADY Group has built a very strong reputation and position as the second largest suppliers of synthetic nucleic acids in Japan. Located in Tokyo, Japan, SAWADY Group employs more than 40 people and for the year 2000 recorded net sales of around US$ 10.0 million and net income of $0,9 million.

    Under the terms of the agreement QIAGEN issued approximately 855,000 shares of its common stock, valued pursuant to the agreement approximately $18 million, in exchange for all of the outstanding capital stock of SAWADY Technology Co., Ltd., Omgen Co., Ltd. and a majority position in Accord Co., Ltd., the three companies comprising SAWADY Group. The transaction is intended to qualify as a tax-free reorganization and will be accounted for as a pooling of interests. QIAGEN expects to incur charges relating to the acquisition in the region of $3.0 million net after taxes. Excluding the effect of these charges (approximately $0.02 per share), QIAGEN expects this transaction to have an immediate positive impact on QIAGEN's net income per share. QIAGEN believes that the acquisition of SAWADY Group greatly accelerates QIAGEN's penetration of the Japanese market, which is believed to be the second largest market in the world. QIAGEN intends to leverage Operon's technology- leading position in synthetic nucleic acids with the strong market position, which the SAWADY Group has created in Japan to address this rapidly expanding market.


    QIAGEN N.V. Peer M. Schatz Chief Financial Officer +49 (0) 2103 29-11702 e-mail: p.schatz@de.QIAGEN.com

End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: Qiagen N.V., übermittelt durch news aktuell

Weitere Meldungen: Qiagen N.V.

Das könnte Sie auch interessieren: