Winooski-Based BioTek to Sell for Nearly $1.2 Billion
The family that founded one of Vermont’s largest tech firms has reached a blockbuster deal to sell it to a publicly traded California company.
Agilent Technologies, a Silicon Valley spinoff of Hewlett-Packard, plans to acquire Winooski-based BioTek Instruments for $1.165 billion this fall, the two companies announced Thursday morning.
The late Norman Alpert, a University of Vermont professor of physiology and biophysics, founded BioTek in a Charlotte garage in 1968.
“We have accomplished extraordinary things,” said Alpert's son, BioTek president and chief executive officer Briar Alpert. “I think we got to a point where, to make the next step — to really become a true, global leader — we needed to partner with someone who had a reach and a scale … to take BioTek to the next level.”
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