Qiagen Agrees to Acquire AI Company Genoox

Dow Jones

2025/05/13

By Stephen Nakrosis

Qiagen said it agreed to acquire Genoox, a provider of AI-powered software, for $70 million in cash, along with additional milestone payments of up to $10 million.

Qiagen said Monday the acquisition will add Franklin, Genoox's flagship cloud-based community platform, to its digital insights portfolio. In addition, the deal creates a path to integrate Qiagen's genomic content into the Franklin platform, the company said.

The deal will strengthen Qiagen's offering for small and mid-sized labs, the company added.

Franklin enables labs to analyze next-generation sequencing data, and delivers real-time, AI-driven insights, Qiagen said.

The Genoox acquisition is expected to generate about $5 million of sales in 2025 and have a neutral impact on adjusted earnings per share, according to Qiagen.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

May 12, 2025 17:36 ET (21:36 GMT)

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In addition, the deal creates a path to integrate Qiagen's genomic content into the Franklin platform, the company said. \n\n\n  The deal will strengthen Qiagen's offering for small and mid-sized labs, the company added. \n\n\n  Franklin enables labs to analyze next-generation sequencing data, and delivers real-time, AI-driven insights, Qiagen said. \n\n\n  The Genoox acquisition is expected to generate about $5 million of sales in 2025 and have a neutral impact on adjusted earnings per share, according to Qiagen. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 12, 2025 17:36 ET (21:36 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}