Bruker announces agreement to acquire Chemspeed, no terms

Bruker announced a definitive agreement for the acquisition of Chemspeed Technologies , a Swiss provider of vendor-agnostic automated laboratory R&D and QC workflow solutions. Chemspeed is focused on modular automation and robotics solutions for chemical research, pharma drug formulation, materials research for cleantech and consumer applications. Chemspeed’s modular, compact FLEX automation workstations enhance chemical and materials science R&D and lab productiviity.Strategically, Chemspeed’s automation solutions strengthens Bruker’s Project Accelerate 2.0 initiative ‘Assays, Software and Aftermarket’. The closing of the transaction is expected to occur in the first half of 2024, subject to regulatory reviews. Financial details of the transaction were not disclosed. In 2023, Chemspeed generated revenues greater than $50M, and Chemspeed was profitable.Specifically, Chemspeed offers a portfolio of flexible automation modules, ranging from bench-top workstations to integrated automated R&D workflows, which can transform R&D productivity in industries such as pharmaceuticals, biotech, chemicals, cleantech, materials, cosmetics and food. Chemspeed automation is used every day in top R&D and QC laboratories globally, setting standards in lab automation. Chemspeed also offers compliance-ready workflow solutions to automate and digitalize R&D and QC in regulated environments, ensuring data integrity, traceability and quality.