908 Devices Acquires TRACE Analytics GmbH
August 9, 2022
908 Devices (Nasdaq: MASS) has completed the acquisition of TRACE Analytics GmbH, a Braunschweig, Germany-based provider of on-line aseptic sampling systems and biosensors for bioreactor monitoring. The purchase consideration includes $15.3 million in cash up front plus up to $2.0 million of contingent consideration, and 908 Devices says the acquisition will enable its mass spec devices to perform on-line bioprocess monitoring and advance its bioanalytics platform.
- Buyers
- 908 Devices
- Targets
- TRACE Analytics GmbH
- Industry
- Medical Devices
- Location
- Lower Saxony, Germany
- Transaction Type
- Buyout
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