# Planet Innovation acquires BIT Group's North American operations

Planet Innovation acquired the North American operations of BIT Analytical Instruments GmbH, including a 29,000 ft² facility in Irvine, California. The acquisition more than doubles PI's medtech manufacturing capacity and is expected to contribute around AUD$25M to annual revenue.

- Type: Acquisition
- Announced: 2021-11-11
- Where: Irvine, California, United States
- Jobs: 80
- Status: completed
- Capacity: 29,000 ft² facility
- Products: regulated medical devices, hematology systems
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Planet Innovation](https://endata.com/companies/53953.md) (acquirer)
- [BIT Analytical Instruments GmbH](https://endata.com/companies/58965.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/planet-innovation-acquires-bit-groups-north-american-operations-doubling-its-medtech-manufacturing-capacity-301422701.html), 2021-11-11: "The acquisition solidifies PI's commitment to grow its US manufacturing capabilities to support its growing US customer base."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.