M&A
confidence high
sentiment positive
materiality 0.75
Repligen to acquire Metenova for cash and equity; adds magnetic mixing technology
REPLIGEN CORP
- Metenova projected FY2023 revenue $24-25M; ~50 employees; magnetic mixers for bioprocess.
- Expected close Q4 2023; funded with ~$604M cash on hand (cash + equity consideration).
- Metenova expected to contribute $5M revenue in Q4 2023, $25-27M in 2024, 20-25% growth in 2025.
- Deal projected accretive to adjusted gross/operating margins in 2024 and adjusted EPS in 2025.
- Adds single-use MixOne platform; complements Repligen's fluid management and FlexBiosys bag business.