Medical Refrigeration

AZENTA ANNOUNCES AGREEMENT TO ACQUIRE B MEDICAL SYSTEMS

Explore & learn more

AZENTA ANNOUNCES AGREEMENT TO ACQUIRE B MEDICAL SYSTEMS

CHELMSFORD, Mass.Aug. 8, 2022 — Azenta, Inc. (Nasdaq: AZTA) today announced that it has entered into a definitive agreement to acquire B Medical Systems S.á r.l and its subsidiaries (“B Medical”), a market leader in temperature-controlled storage and transportation solutions that enables the delivery of life-saving treatments across the globe. 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.

B Medical is headquartered in Hosingen, Luxembourg and is one of the leading vaccine cold chain providers serving primarily fast-growing emerging markets, which require secure and reliable temperature-controlled storage and transport solutions. The portfolio includes vaccine transport systems with real-time monitoring solutions, medical refrigeration for ambient to -86°C temperatures, and blood management solutions. B Medical has an installed base of more than 500,000 units spanning approximately 150 countries across the globe. The Luxembourg headquarters includes a state-of-the-art, highly automated manufacturing facility.

This acquisition complements Azenta’s cold chain capabilities, adding differentiated solutions for reliable and traceable transport of temperature-sensitive specimens. “We are excited to add B Medical into our growing portfolio of offerings,” said Steve Schwartz, President and CEO of Azenta. “B Medical has done an outstanding job carving out a strong market position in the vaccine cold chain, and we see a breadth of opportunities to drive even further value from the portfolio by leveraging the Azenta platform.”

B Medical CEO, Luc Provost, who has been with the company for over 20 years, and Jesal Doshi, Deputy CEO since 2015, are expected to join Azenta and continue to lead the business. Mr. Provost commented, “We are excited to join the Azenta team as we combine our capabilities and expertise in cold chain solutions to drive the next leg of growth. Together, I look forward to continuing our mission to create technology that helps save lives across the world.”

Click here to read the full press release from Azenta

Click here to read the press release from Navis Capital Partners

Close Popup

We use cookies that are necessary to ensure the proper functioning and security of the website. Additional cookies are only used with your consent. Analytics cookies are used to monitor website traffic and optimize your user experience, evaluate which marketing channels are performing better and analyze aggregated data about usage of the website. Functional cookies make it possible to improve the functionality and personalization of our site. They may be activated by us or by third parties whose services are used on the pages of our website. Advertising cookies are placed by third-party companies processing your data to create audiences lists to deliver targeted ads on social media and the internet. Please see our cookie policy to learn more about how they are used on our website. Click on "Accept all", to accept the use of such cookies and go directly to the website or click on “Reject all", to reject the use of all the cookies. Please click on “More options” to change your cookie preferences. You can also change your settings at any time in our Privacy Center.

Close Popup
Privacy Settings saved!
Privacy Settings

These cookies are necessary to ensure the proper functioning of our website or for security reasons. These enable the main functions of the website to be used. The processing of the data collected through these cookies is based on our legitimate interest. You can always choose not to accept these cookies on your device and delete them using the configuration settings of your web browser. However, this risks your user experience being seriously degraded and some functions of the website may even no longer be accessible.

Necessary cookies
  • test_cookie
  • wordpress_gdpr_cookies_declined
  • wordpress_gdpr_allowed_services
  • wordpress_gdpr_cookies_allowed
  • woocommerce_items_in_cart
  • woocommerce_cart_hash
  • wp_woocommerce_session_
  • NID
  • CONSENT
  • _GRECAPTCHA
  • __cf_bm
  • mtm_consent_removed

Decline all
Confirm your settings
Accept all