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Acquisitions
9 Months Ended
Sep. 30, 2012
Acquisitions  
Acquisitions

2.              Acquisitions

 

On March 8, 2012, the Company completed the acquisition of SkyScan N.V. (the “SkyScan business”), a privately owned company based in Belgium that provides advanced, high-resolution micro computed tomography systems for three-dimensional X-ray imaging in preclinical imaging applications and materials research markets.  The acquisition of the SkyScan business is being accounted for under the acquisition method.  The components and allocation of the consideration transferred in connection with the SkyScan business are as follows (in millions):

 

Consideration Transferred:

 

 

 

Cash paid

 

$

24.6

 

Cash acquired

 

(2.9

)

Total consideration transferred

 

$

21.7

 

 

 

 

 

Allocation of Consideration Transferred:

 

 

 

Accounts receivable

 

$

3.1

 

Inventories

 

6.6

 

Other current assets

 

0.3

 

Property, plant and equipment

 

2.3

 

Intangible assets:

 

 

 

Existing technology

 

7.2

 

Customer relationships

 

6.4

 

Goodwill

 

10.5

 

Liabilities assumed

 

(14.7

)

Total consideration transferred

 

$

21.7

 

 

The Company’s allocation of the consideration transferred in connection with the acquisition of the SkyScan business is preliminary and will be finalized within the measurement period.  The final allocation of the purchase price may differ from the information presented in these unaudited condensed consolidated financial statements.

 

The results of the SkyScan business have been included in the Scientific Instruments segment from the date of acquisition.  Pro forma financial information reflecting the acquisition of the SkyScan business has not been presented because the impact on revenues, net income and net income per common share attributable to Bruker Corporation shareholders is not material.