Azenta Announces Completion of B Medical Systems Acquisition
Tuesday, October 04, 2022
Research ScientistAzenta, Inc. announced that it has closed its previously announced acquisition of B Medical Systems S.á r.l and its subsidiaries ("B Medical"), a market leader in temperature-controlled storage and transportation solutions that enables the delivery of life-saving treatments to more than 150 countries worldwide. This acquisition complements Azenta's cold chain capabilities, adding differentiated solutions for reliable and traceable transport of temperature-sensitive specimens.
B Medical, headquartered in Hosingen, Luxembourg, is one of the leading vaccine cold chain providers serving primarily fast-growing emerging markets, which require secure and reliable temperature-controlled storage and transport solutions to address the challenges in the last mile of distribution. With an installed base of more than 500,000 units, B Medical's innovative transport systems feature 24/7 real-time monitoring and location tracking. As part of Azenta, B Medical will also benefit from deep expertise and engineering in sample management, as well as from broader reach in the North American and European markets.
The company will provide additional information on the B Medical business on the upcoming Q4 earnings call to be scheduled in November.