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Harvard Bioscience buys Coulbourn

Associated Press / August 24, 2010

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HOLLISTON — Medical instruments maker Harvard Bioscience Inc. said it has acquired Coulbourn Instruments, a private company that makes lab equipment for assessing learning and memory.

Harvard Bioscience did not disclose financial details.

It estimates the total market for the instruments Coulbourn produces is between $40 million and $50 million. It expects the company to add about $4 million in annual revenue.

Harvard Bioscience shares rose 2 cents to $3.43.