Ropes & Gray Advises Waters Corporation in Acquisition of Prosolia DESI Technology
Ropes & Gray advised Waters Corporation, a leading specialty measurement company, in its acquisition of the exclusive rights to Desorption Electrospray Ionization (DESI) technology for all mass spectrometry applications from Prosolia, Inc. and the Purdue Research Foundation. The transaction was announced on July 23. Financial terms were not disclosed.
Waters has pioneered chromatography, mass spectrometry and thermal analysis innovations serving the life, materials and food sciences industries and distributes its products in more than 100 countries.
The Ropes & Gray team was led by IP transactions partner Mark Bellomy and included tax partner David Saltzman, private equity transactions partner Newcomb Stillwell, and private equity transactions associate Marc Migliazzo (all of Boston).