Related Parties	12 Months Ended
Dec. 31, 2019
Related Parties
Related Parties	Note 22—Related Parties The Company leases certain office space from certain of its principal shareholders, including a director and executive officer and a former member of the Company’s Board of Directors, and members of their immediate families, which have expiration dates ranging from 2019 to 2020. Total rent expense under these leases was $1.2 million, $1.2 million and $3.5 million for each of the years ended December 31, 2019, 2018 and 2017, respectively. On February 26, 2020, the Company acquired land and buildings at 15 Fortune Drive and 44 Manning Road, both in Billerica MA, for a total purchase price of $12.3 million. Each property was owned by a trust controlled equally by Bruker’s President & CEO, Frank Laukien, and his half-brother, Dirk D. Laukien. Both properties acquired are adjacent to Bruker’s headquarters building at 40 Manning Road, a property already owned by the Company. Bruker BioSpin formerly leased the property at 15 Fortune and will continue to occupy the property for the foreseeable future. The property at 44 Manning Road, which is currently fully leased to unrelated third parties, provides for potential expansion of Bruker operations in the future. The purchase price was allocated between the two properties as follows: $5.6 million for 15 Fortune Drive and $6.7 million for 44 Manning Road. The price for each property was established based on an independent third-party appraisal. The Audit Committee of the Board reviewed, voted on and approved this related party transaction in accordance with Bruker’s Related Persons Transactions Policy and the Audit Committee charter. During the years ended December 31, 2019, 2018 and 2017, the Company recorded revenue of $2.8 million, $2.9 million and $2.6 million, respectively, arising from commercial transactions with a life sciences company in which a member of the Company’s Board of Directors is Chairman and Chief Executive Officer.

Related Parties

12 Months Ended

Dec. 31, 2019

Note 22—Related Parties

The Company leases certain office space from certain of its principal shareholders, including a director and executive officer and a former member of the Company’s Board of Directors, and members of their immediate families, which have expiration dates ranging from 2019 to 2020. Total rent expense under these leases was $1.2 million, $1.2 million and $3.5 million for each of the years ended December 31, 2019, 2018 and 2017, respectively.

On February 26, 2020, the Company acquired land and buildings at 15 Fortune Drive and 44 Manning Road, both in Billerica MA, for a total purchase price of $12.3 million. Each property was owned by a trust controlled equally by Bruker’s President & CEO, Frank Laukien, and his half-brother, Dirk D. Laukien. Both properties acquired are adjacent to Bruker’s headquarters building at 40 Manning Road, a property already owned by the Company. Bruker BioSpin formerly leased the property at 15 Fortune and will continue to occupy the property

for the foreseeable future. The property at 44 Manning Road, which is currently fully leased to unrelated third parties, provides for potential expansion of Bruker operations in the future.

The purchase price was allocated between the two properties as follows: $5.6 million for 15 Fortune Drive and $6.7 million for 44 Manning Road. The price for each property was established based on an independent third-party appraisal. The Audit Committee of the Board reviewed, voted on and approved this related party transaction in accordance with Bruker’s Related Persons Transactions Policy and the Audit Committee charter.

During the years ended December 31, 2019, 2018 and 2017, the Company recorded revenue of $2.8 million, $2.9 million and $2.6 million, respectively, arising from commercial transactions with a life sciences company in which a member of the Company’s Board of Directors is Chairman and Chief Executive Officer.