Millipore Corporation has announced that it has entered into an agreement to acquire Guava Technologies.
The acquisition follows the distribution and co-development partnership the two companies, announced in March 2008.
Under the terms of the agreement, Millipore will pay USD22.6m, subject to closing adjustments, to acquire Guava.
Guava generated approximately USD22m in sales during 2008.
The transaction is expected to be slightly accretive to Millipore's non-GAAP earnings per share during 2009 and is expected to close in the next two weeks.
