Millipore Corporation 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 $22.6 million, subject to closing adjustments, to acquire Guava. Guava generated approximately $22 million 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.