Azenta, Inc. (Nasdaq: AZTA) announces that its affiliate, Azenta Germany GmbH, has signed a binding agreement for the sale of Azenta’s B Medical Systems business to THELEMA S.À R.L., for a purchase price of US$63 million. “The agreement to sell B Medical Systems marks a major step forward in simplifying the portfolio to prioritize our core capabilities with the highest strategic impact,” said John Marotta, President and CEO. “The proceeds from this sale will be deployed to strengthen the company and drive long-term profitable value creation for our shareholders.” B Medical Systems is a global manufacturer and distributor of medical refrigeration devices based in Luxembourg.
Read the full article: Azenta Enters Definitive Agreement for the Sale of Its B Medical Systems Business to THELEMA S.À R.L. //
Source: https://www.prnewswire.com/news-releases/azenta-enters-definitive-agreement-for-the-sale-of-its-b-medical-systems-business-to-thelema-sa-rl-302649500.html