Tecan to acquire Paramit Corporation for USD 1.0 billion

Tecan Group has entered into a definitive agreement to acquire Paramit Corporation, a US-based OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF 920 million). The acquisition will expand Tecan's capabilities in medical devices and strengthen its US and Asia presence.

“Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion.”tecan.com

• 4 sources
• tecan.comTecan expands its commercial reach, its capabilities and its US and Asia presence with the acquisition of Paramit CorporationTecan Trading AGJun 23, 2021
• reuters.comSwiss group Tecan to buy Paramit Corp for $1 billionJun 23, 2021
• prnewswire.comParamit Corporation Announces Acquisition by The Tecan ...Paramit CorporationJun 23, 2021
• selectscience.netTecan acquires Paramit CorporationEdward Carter Publishing, MediaJun 24, 2021

Summarized from public sources; check the original articles before acting on it.