Azenta (Nasdaq: AZTA), a Burlington, MA-based provider of life sciences solutions, acquired Ziath, a Cambridge, UK-based provider of 2D barcode readers for life sciences applications.
The amount of the deal was not disclosed. The transaction is expected to be accretive to non-GAAP earnings in FY 2023 and GAAP earnings in FY 2024.
With the acquisition, Azenta will expand its high-throughput workflow offerings with 2D barcode reader.
Founded in 2005 and led by CEO Neil Benn, who will continue to lead the business as part of the Consumables and Instruments business within the Life Sciences Products segment, Ziath provides 2D barcode readers that are a key component of the laboratory automation workflow serving pharmaceutical, biotech and academic customers worldwide.
Azenta provides a full suite of cold-chain sample management solutions and genomic services across areas such as drug development, clinical research and advanced cell therapies for the industry’s pharmaceutical, biotech, academic and healthcare institutions globally.
Azenta also has operations in North America, Europe and Asia.
FinSMEs
05/02/2023