GE Healthcare Buys Applied Precision
GE Healthcare, a unit of industrial giant General Electric (NYSE: GE), said today it has agreed to acquire Issaquah, WA-based Applied Precision for an undisclosed amount. Applied Precision makes super high resolution microscopes with software and data visualization tools for biomedical researchers. Applied Precision had $37 million in revenue in 2010, has been growing 20 percent a year, and has 130 employees, according to a statement from GE Healthcare. “The worldwide resources of GE Healthcare will allow us to significantly widen our reach into new markets and provide a stronger support network for our existing customers,” Applied Precision CEO Joe Victor said in a statement.