Bruker to acquire NanoString assets for $392.6M in cash; expected to close Q2 2024

BRUKER CORP

Bruker to acquire substantially all NanoString assets for $392.6M cash, including nCounter, GeoMx, CosMx and AtoMx product lines.
NanoString 2023 revenue ~$168M; bankruptcy court approved Chapter 363 sale on April 19, 2024; close expected Q2 2024.
Deal expected dilutive to non-GAAP EPS by $0.15-$0.20 in H2 2024; near break-even by 2026 with resumed growth and synergies.
Bruker will fund with cash on hand and debt; NanoString to become part of Bruker Spatial Biology business.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BRUKER CORP entered into Asset Purchase Agreement with NanoString Technologies, Inc. valued at $392.6 million (effective 2024-04-17).

Action: entry
Agreement: asset purchase
Counterparty: NanoString Technologies, Inc.
Value: $392.6 million
Effective: 2024-04-17

Exact text from the filing

On April 17, 2024, Bruker Corporation (the “Company”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with NanoString Technologies, Inc., a Delaware corporation (“Seller”), as the result of the Company being selected as the successful bidder in a sale authorized by the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) pursuant to, inter alia, sections 105, 363, and 365 of the United States Bankruptcy Code (the “Bankruptcy Code”).

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Source: SEC EDGAR

accession 0001104659-24-049697

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