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Advanced Instruments, a subsidiary of Patricia Industries, has agreed to acquire Nova Biomedical. The combined business will operate under the Nova Biomedical name, with combined 2024 sales of $621 million.
A unit of Investor AB will buy medical device maker Nova Biomedical for $2.2 billion, merging it with Advanced Instruments to create a life sciences tools platform.
Patricia Industries' subsidiary Advanced Instruments entered a definitive agreement to acquire Nova Biomedical from its founding shareholders for an enterprise value of $2.2 billion. The combined business will operate under the Nova Biomedical name, with 2024 sales of $621 million.