Brief: Patricia Industries Unit Advanced Instruments To Buy, Merge With Nova Biomedical

Investor AB

19/03/2025 07:23

March 19 (Reuters) - Investor AB INVEb.ST:

PATRICIA INDUSTRIES' SUBSIDIARY ADVANCED INSTRUMENTS TO ACQUIRE AND MERGE WITH NOVA BIOMEDICAL

ADVANCED INSTRUMENTS TO ACQUIRE NOVA BIOMEDICAL FOR $2.2 BILLION

CLOSING EXPECTED DURING Q3 OF 2025

ACQUISITION FUNDED BY EXTERNAL DEBT AND EQUITY FROM PATRICIA INDUSTRIES

ADVANCED INSTRUMENTS CEO BYRON SELMAN TO LEAD COMBINED BUSINESS POST-MERGER

COMBINED BUSINESS GENERATED $621 MILLION SALES IN 2024

Source text: ID:nWkr1hF4F9

Further company coverage: [INVEb.ST]

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