Hamilton Purchases TekCel from Magellan

Magellan’s emphasis on clinical technology was not a good fit with TekCel, which supplies storage equipment for drug development (see IBO 5/31/05). This is a new area for Hamilton, but like Tecan, which acquired REMP (see IBO 6/15/05), this area provides Hamilton with a broader range of products to offer its biopharmaceutical customers.

Chelmsford, MA 2/5/07—Magellan Biosciences has sold Tek-Cel, a provider of laboratory sample management and storage solutions, to Hamilton, which sells laboratory robotics, chromatography and fluid subsystem products. Financial details were not disclosed. Hamilton is expected to keep TekCel’s headquarters in Hopkinton, Massachusetts and to grow Hamilton’s East Coast presence. Magellan President and CEO Dr. Robert J. Rosenthal stated, “Our strategy at Magellan is to expand our presence in clinical diagnostics, specifically in hospital-based labs and the point-of-care setting. While TekCel has made significant progress designing new offerings that are also relevant to the needs of clinical customers, its primary customer base and its focus in the foreseeable future will likely remain pharmaceutical, biotech, and life-science research customers, where Hamilton brings significant global distribution and customer access.”

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