M&A
confidence high
sentiment positive
materiality 0.75
Azenta to acquire B Medical Systems for €410M cash plus €50M earnout
Azenta, Inc.
- Cash purchase price €410M; up to €50M additional contingent consideration based on performance milestones.
- B Medical generated ~€109M revenue in last twelve months ending June 30, 2022.
- Transaction expected to close in October 2022, subject to customary conditions.
- Acquisition expected to be accretive to non-GAAP earnings in FY2023 and GAAP earnings in FY2024.
- B Medical CEO Luc Provost and Deputy CEO Jesal Doshi expected to remain with Azenta.