8-KMaterial AgreementsExhibits & Filings

IDEXX LABORATORIES INC /DE 8-K Report, Material Agreement (Dec 21, 2006)

Filed December 21, 2006For Securities:IDXX

Summary

IDEXX Laboratories, Inc. (IDXX) announced on December 21, 2006, that it has entered into a material definitive agreement to acquire the Critical Care Division of Osmetech plc. This division specializes in electrolyte and blood gas analyzers and related consumables. The acquisition is structured as an asset purchase for approximately $44.9 million in cash, plus the assumption of certain liabilities. The purchase price is subject to a post-closing adjustment based on the net asset value of the acquired division. This move is strategic, as IDEXX currently sources its VetStat® analyzers and consumables from Osmetech and has also engaged them for next-generation product development.

Key Highlights

  • 1IDEXX Laboratories is acquiring Osmetech's Critical Care Division for $44.9 million in cash and assumed liabilities.
  • 2The acquired division develops and sells electrolyte and blood gas analyzers and consumables.
  • 3The transaction is an asset purchase, with the final price subject to a net asset value adjustment.
  • 4The acquisition is expected to close around January 31, 2007, pending Osmetech shareholder approval and regulatory requirements.
  • 5IDEXX already has an existing relationship with Osmetech, purchasing its VetStat® products and engaging them for future product development.
  • 6The acquisition aligns with IDEXX's strategy to integrate critical product lines and technology.

Frequently Asked Questions

IDEXX Laboratories is acquiring the Critical Care Division of Osmetech plc, which includes their electrolyte and blood gas analyzers and related consumable products.

The aggregate purchase price is $44.9 million in cash, plus the assumption of certain liabilities. The final price may be adjusted post-closing based on the net asset value of the Critical Care Division.

The acquisition is expected to close on or around January 31, 2007, subject to certain conditions, including Osmetech shareholder approval and regulatory approvals.

Yes, IDEXX currently purchases its VetStat® electrolyte and blood gas analyzers and consumables from Osmetech Inc. (a subsidiary of Osmetech plc) and has also engaged Osmetech Inc. for the development of next-generation analyzer and consumables technologies.