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Bruker Announces Closing of Chemspeed Technologies AG Acquisition

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Bruker Corporation (BRKR) successfully closes the acquisition of Chemspeed Technologies AG, a Swiss provider of automated laboratory solutions, marking a significant milestone in Bruker's expansion. The acquisition aligns with Bruker's strategic Project Accelerate 2.0 portfolio transformation, focusing on scientific software, R&D, QC digitalization, and laboratory automation.
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The acquisition of Chemspeed Technologies AG by Bruker Corporation is a strategic move that has the potential to strengthen Bruker's position in the scientific software and laboratory automation market. The integration of Chemspeed's automated R&D and QC workflow solutions can lead to increased operational efficiency and quality control for Bruker, which in turn may result in enhanced product offerings to their customers. This could potentially open up new revenue streams and improve Bruker's competitive edge in the precision instrumentation sector.

It is important to consider the market trend towards automation and digitalization in laboratories, which is driven by the need for higher throughput and reproducibility in research and quality control. Bruker's initiative to expand in this direction aligns with the industry's trajectory and can be seen as a proactive approach to meet the evolving demands of the market. This acquisition can be leveraged to capitalize on the growing laboratory automation market, which is expected to expand further as industries continue to seek innovative solutions to increase productivity and reduce costs.

From a financial perspective, the acquisition's impact on Bruker's earnings and balance sheet will be a point of interest for investors and stakeholders. The immediate financial implications will depend on the terms of the acquisition, including the purchase price and the way it was financed. If the acquisition was made at a premium, it could potentially dilute Bruker's earnings in the short term. However, the long-term benefits could outweigh the initial costs if Chemspeed's technologies lead to significant operational efficiencies and an expanded customer base.

Investors will also be looking at the return on investment (ROI) and how the acquisition contributes to Bruker's overall growth strategy. The enhancement of R&D productivity and quality through Chemspeed's technology could lead to a faster time-to-market for Bruker's products and potentially higher margins due to efficiencies gained. The market will likely monitor subsequent financial results for indicators of the acquisition's success in contributing to Bruker's profitability and market share.

In terms of regulatory considerations, the acquisition of Chemspeed Technologies AG by Bruker Corporation will have undergone scrutiny to ensure compliance with antitrust laws and regulations. It is crucial that the acquisition does not create unfair market advantages or diminish competition. Given that the acquisition has successfully closed, it can be inferred that any regulatory hurdles have been cleared.

Additionally, the integration of Chemspeed into Bruker’s operations will involve a complex legal process, including the harmonization of intellectual property rights, data privacy and employment contracts. Ensuring that these legal aspects are managed correctly is vital for a smooth transition and to avoid potential disputes or liabilities that could impact the financial and operational aspects of the acquisition.

BASEL, Switzerland--(BUSINESS WIRE)-- Bruker Corporation (Nasdaq: BRKR) is pleased to announce the successful closing of its acquisition of Chemspeed Technologies AG, a leading Swiss provider of automated laboratory R&D and QC workflow solutions. This acquisition, first announced in January 2024, marks another significant milestone in Bruker’s expansion in vendor-agnostic scientific software, R&D and QC digitalization, and laboratory automation – altogether an important initiative within Bruker’s strategic Project Accelerate 2.0 portfolio transformation.

Chemspeed’s modular, compact FLEX automation workstations enhance chemical and materials science R&D and lab productivity and quality, as well as improve return on R&D investment (Photo: Business Wire)

Chemspeed’s modular, compact FLEX automation workstations enhance chemical and materials science R&D and lab productivity and quality, as well as improve return on R&D investment (Photo: Business Wire)

Mr. Bernd Gleixner, President of the new Automation Division at Bruker BioSpin, and now Managing Director of Chemspeed, commented: “We are excited about the opportunities this acquisition brings, and we warmly welcome the excellent Chemspeed team to Bruker. Going forward, Chemspeed will continue to operate as a vendor-agnostic, standalone business within Bruker, maintaining its commitment to industry-leading automated laboratory solutions and customer service.”

As part of Bruker, Chemspeed is expected to be near break-even for the remaining three quarters of 2024, with approximately $10 million of revenue per quarter, as it transitions to US GAAP reporting and aligns with Bruker’s revenue recognition policies. By 2025, we anticipate Chemspeed to be 2-3 cents accretive to Bruker’s non-GAAP EPS. Going forward, we expect high-single digit to low double-digit organic revenue growth and steady, significant margin expansion. The Chemspeed acquisition is a testament to Bruker’s commitment to strategic expansion and innovation in the fields of automated R&D and QC laboratory solutions, lab digitalization and scientific software.

About Bruker Corporation (Nasdaq: BRKR)

Bruker is enabling scientists to make breakthrough discoveries and develop new applications that improve the quality of human life. Bruker’s high performance scientific instruments and high value analytical and diagnostic solutions enable scientists to explore life and materials at molecular, cellular and microscopic levels. In close cooperation with our customers, Bruker is enabling innovation, improved productivity and customer success in life science molecular and cell biology research, in applied and pharma applications, in microscopy and nanoanalysis, as well as in industrial applications. Bruker offers differentiated, high-value life science and diagnostics systems and solutions in preclinical imaging, clinical phenomics research, proteomics and multiomics, spatial and single-cell biology, functional structural and condensate biology, as well as in clinical microbiology and molecular diagnostics. For more information, please visit: www.bruker.com.

Investors:

Justin Ward

Sr. Director, Investor Relations & Corporate Development

Bruker Corporation

T: +1 (978) 313-5800

E: Investor.Relations@bruker.com

Media:

Markus Ziegler

Sr. Director and Head of Group Marketing

Bruker BioSpin

T: +49 172 3733531

E: pr@bruker.com

Source: Bruker Corporation

FAQ

What is the ticker symbol for Bruker Corporation?

The ticker symbol for Bruker Corporation is BRKR.

What is the significance of Bruker Corporation's acquisition of Chemspeed Technologies AG?

The acquisition of Chemspeed Technologies AG by Bruker Corporation is a significant milestone in Bruker's expansion, focusing on automated laboratory solutions and aligning with their strategic Project Accelerate 2.0 portfolio transformation.

Who is the President of the new Automation Division at Bruker BioSpin and Managing Director of Chemspeed?

Mr. Bernd Gleixner is the President of the new Automation Division at Bruker BioSpin and Managing Director of Chemspeed.

Bruker Corporation

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