Bruker Announces Share Purchase Agreement to Acquire Molecular Diagnostics Innovator ELITechGroup
Acquiring Company
Bruker Corporation
Acquired Company
ELITechGroup
Billerica
PuteauxManufacturingBiotechnologyConsumer ElectronicsDescription
Bruker Corporation has entered into a definitive share purchase agreement with TecFin S.à r.l., a controlled affiliate of PAI Partners, to acquire ELITechGroup for €870 million in cash, excluding the carved out ELITech clinical chemistry business. This strategic acquisition will provide Bruker Corporation access to ELITechGroup's modern sample-to-answer (S2A) systems, broad infectious disease assay portfolio, and innovative biomedical systems, creating opportunities for further expansion and growth within the in-vitro diagnostics (IVD) market.
Quick answer
Bruker Corporation is acquiring ELITechGroup, announced February 28, 2024. Bruker Corporation is based in Billerica, Massachusetts, United States.
- How much did Bruker Corporation pay for ELITechGroup?
- The deal value was not disclosed.
- What does Bruker Corporation do?
- BRKR)
- Where are Bruker Corporation and ELITechGroup based?
- Bruker Corporation is based in Billerica, Massachusetts, United States. ELITechGroup is based in Puteaux, Ile De France, France.
- Who are the decision-makers at Bruker Corporation?
- Fundz holds 2 contacts at Bruker Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired ELITechGroup?
ELITechGroup was acquired by Bruker Corporation, based in Billerica. The deal was reported on February 28, 2024. BRKR) Bruker Corporation is publicly traded (BRKR) and operates in Manufacturing.
When did Bruker Corporation acquire ELITechGroup?
Bruker Corporation's acquisition of ELITechGroup was reported on February 28, 2024. Bruker Corporation has entered into a definitive share purchase agreement with TecFin S.à r.l., a controlled affiliate of PAI Partners, to acquire ELITechGroup for €870 million in cash, excluding the carved out ELITech clinical chemistry business. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does ELITechGroup do?
ELITechGroup is an integrated in-vitro diagnostics company that serves hospitals and diagnostic laboratories in more than 100 countries through a direct sales organization and through third-party distribution partners. It is privately held, and is based in Puteaux.
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