Azenta (Nasdaq: AZTA), a Burlington, MA-based supplier of life sciences options, acquired Ziath, a Cambridge, UK-based supplier of 2D barcode readers for all times sciences functions.
The quantity of the deal was not disclosed. The transaction is anticipated to be accretive to non-GAAP earnings in FY 2023 and GAAP earnings in FY 2024.
With the acquisition, Azenta will develop its high-throughput workflow choices with 2D barcode reader.
Based in 2005 and led by CEO Neil Benn, who will proceed to steer the enterprise as a part of the Consumables and Devices enterprise throughout the Life Sciences Merchandise phase, Ziath supplies 2D barcode readers which can be a key element of the laboratory automation workflow serving pharmaceutical, biotech and educational clients worldwide.
Azenta supplies a full suite of cold-chain pattern administration options and genomic companies throughout areas corresponding to drug improvement, medical analysis and superior cell therapies for the trade’s pharmaceutical, biotech, educational and healthcare establishments globally.
Azenta additionally has operations in North America, Europe and Asia.
FinSMEs
05/02/2023
