.
MergerLinks Header Logo

Announced

Completed

The Tecan Group completed the acquisition of Paramit from Altaris for $1bn.

Financials

Edit Data
Transaction Value£716m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Majority

Medical Equipment

Acquisition

Single Bidder

United States

medical devices

Private

Cross Border

Friendly

Private Equity

Completed

Synopsis

Edit

The Tecan Group, a global provider of laboratory instruments and solutions in biopharmaceuticals, forensics and clinical diagnostics, completed the acquisition of Paramit, an FDA-registered manufacturer of medical devices and life science instruments, from Altaris, an investment firm focused exclusively on the healthcare industry, for $1bn. The transaction will create a combined global platform with world-class design, development and manufacturing capabilities and scale to provide unparalleled support to customers in the fastest growing segments of healthcare. In addition, Paramit will be able to enhance Tecan's service offering for its existing OEM customer base and leverage Tecan's strong commercial channels to further expand Paramit's reach in the European and Asian markets, including China, and beyond.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US