REPLIGEN CORP acquired Metenova AB (Metenova Holding AB) for ~$172.6 million total ($164.5M cash + Repligen stock, plus ~$10M earnout), a transaction completed in October 2023, structured as combination (cash plus stock) with earnout.
Metenova AB (Metenova Holding AB) operates in Fluid Management, is based in Molndal, Sweden, had revenue of about $24-$25 million projected fiscal 2023. Acquisition of privately held Metenova AB of Molndal, Sweden, adding market-leading magnetic mixing and drive-train technology for upstream and downstream bioprocess applications, including the single-use MixOne platform. Metenova was projected to generate $24-$25 million of revenue in fiscal 2023.
Hunt said 'the addition of Metenova further strengthens our Fluid Management portfolio, with a product line that expands on the market success of our systems and fluid management.'
Market-leading magnetic mixing with a growing single-use platform (MixOne). Complements single-use bag and fluid-management offerings. Repligen Fluid Management (Repligen Sweden AB)
The addition of Metenova further strengthens our Fluid Management portfolio, with a product line that expands on the market success of our systems and fluid management.Tony J. Hunt, President and Chief Executive Officer, Repligen
Advisory firms were not disclosed for this transaction.