Announced
Completed
Financials
Tags
Friendly
Private
air purifiers
Acquisition
Domestic
United States
Majority
Merger
Single Bidder
Electronic Components and Equipment
science and technology
Completed
Synopsis
AeroClean Technologies, an air hygiene technology company, completed the merger with Molekule, a provider of premium air purifiers. Financial terms were not disclosed. "Our complementary operations and cultures and our shared commitment to customer satisfaction will provide us with an enhanced ability to serve our clients and to create value for stockholders. We believe the combined company will be able to generate significant, organic revenue growth particularly in the B2B channel as we begin the roll out our SaaS IAQ solutions. In addition we expect to be well-positioned to pursue additional strategic acquisitions," Amin Khoury, AeroClean Chairman of the Board.
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