Azenta completes €424M acquisition of B Medical Systems for cold chain expansion

Azenta, Inc.

Paid ~€424M in cash for B Medical Systems, with up to €50M in contingent earn-out based on financial metrics.
B Medical is a market leader in temperature-controlled storage and transport, serving over 150 countries with 500,000+ installed units.
Acquisition closes Oct 3, 2022; complements Azenta's cold chain capabilities for traceable specimen transport.
B Medical to report as part of Azenta; further details expected on Q4 earnings call in November 2022.

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