Bruker Completes Acquisition of Molecular Diagnostics Innovator ELITech
Bruker Corporation (BRKR)
Last bruker corporation earnings: 10/31 04:05 pm
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Source: Business Wire
ELITech is a differentiated, fast growing and profitable provider of systems and assays for molecular diagnostics (MDx), biomedical systems/specialty IVD, and microbiologyELITech offers the proprietary, fully automated sample-to-answer (S2A) systems InGenius® and BeGenius® for molecular testing in mid-sized hospitalsDiversified ELITech MDx assay portfolio focused on esoteric infectious disease testingELITech has its R&D, manufacturing and commercial focus on Europe and the Americas TORINO, Italy--(BUSINESS WIRE)--Bruker Corporation (Nasdaq: BRKR) is pleased to announce the closing of its acquisition of ELITechGroup (“ELITech”) for €870 million in cash, excluding the carved out ELITech clinical chemistry business. ELITech is a differentiated, fast growing and profitable provider of systems and assays for molecular diagnostics (MDx), biomedical systems/specialty IVD, and microbiology, with FY 2023 revenue of approximately EUR 150 million, and more than 80% consumables revenue.“We are
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