Azenta today entered into a definitive agreement to acquire B Medical Systems and its subsidiaries. The cash purchase price to be paid at closing will be approximately €410 million. Additional cash consideration, up to €50 million, may be paid upon achievement of certain future performance milestones. The transaction is expected to close in October 2022, a statement from B Medical Syastems has informed.
According to the statement, the acquisition complements Azenta’s cold chain capabilities, adding differentiated solutions for reliable and traceable transport of temperature-sensitive specimens.