Invitrogen Sees Improved Synergies in Acquisition

Bruce V. Bigelow10/10/08

Carlsbad-based Invitrogen Corp. says it expects to save $20 million more than originally thought when it acquires Applied Biosystems Inc., according to San Diego’s North County Times. In a filing with government regulators, Invitrogen says a more detailed integration plan shows the combined companies will save $80 million and drive higher-than-expected growth in earnings per share. Invitrogen makes biological research tools and employs about 1,000 in Carlsbad.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788