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New Deal


Announced

Completed

Meridian Bioscience completed the acquisition of Exalenz Bioscience for $49m.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Acquisition

Completed

Single Bidder

Israel

biotechnology company

Public

Biotechnology

Majority

Friendly

Synopsis

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Meridian Bioscience, an international producer and distributor of a range of diagnostic test kits, completed the acquisition of Exalenz Bioscience, a biotechnology company that develops and manufactures non-invasive diagnostic medical devices for gastrointestinal and liver conditions, for $49m. "We are excited to contribute our technology to the Meridian portfolio of H. pylori products and leverage Meridian’s strong commercial presence to accelerate the penetration of the BreathID® platform in the United States and beyond. We also look forward to collaborating with the Meridian R&D team in our on-going advancement of this leading platform," Raffi Werner, Exalenz CEO.

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