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Azenta Enters Definitive Agreement for the Sale of its B Medical Systems Business to THELEMA S.À R.L.
Prnewswire· 2025-12-29 13:00
Group 1 - Azenta, Inc. has signed a binding agreement to sell its B Medical Systems business to THELEMA S.À R.L. for a purchase price of US$63 million, with the transaction expected to close on or before March 31, 2026 [1][2] - The sale of B Medical Systems is aimed at simplifying Azenta's portfolio to focus on core capabilities that have the highest strategic impact, with proceeds intended to strengthen the company and drive long-term value creation for shareholders [2] - B Medical Systems is a global manufacturer and distributor of medical refrigeration devices based in Luxembourg [2] Group 2 - William Blair acted as the exclusive financial advisor, while Taylor Wessing served as legal counsel for Azenta in this transaction [3] - Azenta, Inc. is a leading provider of life sciences solutions, offering a full suite of cold-chain sample management solutions and multiomics services for pharmaceutical, biotech, academic, and healthcare institutions globally [4] - The company is headquartered in Burlington, MA, and operates in North America, Europe, and Asia [5]
Azenta, Inc. (NASDAQ: AZTA) Overview: A Leader in Life Sciences Solutions
Financial Modeling Prep· 2025-11-21 02:00
Core Insights - Azenta, Inc. operates in the life sciences sector, focusing on sample exploration and management solutions, and was rebranded from Brooks Automation in December 2021 [1] - The company has two main segments: Life Sciences Products and Life Sciences Services, serving clients such as pharmaceutical and biotechnology companies, biorepositories, and research institutes [1] Financial Performance - The financial outlook for Azenta is positive, with a stable consensus price target of $38, while Evercore ISI has set a more optimistic target of $62 [2][3] - Azenta reported a 36% increase in third-quarter earnings per share (EPS), indicating strong operational performance [2][3] Future Expectations - The upcoming fiscal fourth quarter and full year 2025 earnings report, scheduled for November 21, 2025, is highly anticipated and will provide insights into the company's financial health and growth potential [4] - Leadership under President and CEO John Marotta and CFO Lawrence Lin positions Azenta favorably for continued success in the life sciences sector [4]