M&A
confidence high
sentiment positive
materiality 0.75
908 Devices Inc. (MASS): M&A transaction — 908 Devices sells desktop bioprocessing PAT portfolio to Repligen for $70M cash
908 Devices Inc.
- Purchase price $70M in cash, subject to customary working capital adjustment and escrow for indemnification.
- Products sold: MAVERICK, MAVEN, REBEL, ZipChip; 908 Devices retains handheld device business.
- Company agrees to 5-year non-compete in bioprocessing PAT and 18-month employee non-solicit.
- Transition services provided through Dec 2025; supply and IP license agreements also executed.
- Disposition does not require stockholder approval as it is not substantially all assets; pro forma financials to follow.