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New Deal


Announced

Completed

ATS completed the acquisition of Avidity Science for $195m.

Financials

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Transaction Value£157m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.4x
EV/EBITDA20.4x
Share Price Premium-
One Off Charge-

Tags

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water purification

United States

Acquisition

Cross Border

Friendly

Life science

Biotechnology

Majority

Private

Single Bidder

Completed

Synopsis

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ATS, an automation solutions provider, completed the acquisition of Avidity Science, a designer and manufacturer of automated water purification solutions for biomedical and life science applications, for $195m. "ATS works to support our customers in all areas of life sciences from research, to drug discovery, right through to commercial production. Avidity's capabilities provide researchers confidence in their data during key stages of drug discovery, development and testing through their water purification and delivery systems," Andrew Hider, ATS CEO.

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