908 Devices Acquires RedWave Technology

April 30, 2024

908 Devices Inc. has acquired privately-held RedWave Technology, a maker of portable FTIR spectroscopic analyzers, expanding 908 Devices' portfolio of handheld and desktop chemical identification tools for forensics, pharma PAT, and industrial QC. The deal includes $45.0 million in cash and 1.5 million shares (approximately $53.5 million initial consideration) plus contingent stock consideration tied to future milestones.

Buyers
908 Devices Inc.
Targets
RedWave Technology
Industry
Manufacturing
Location
Connecticut, United States
Transaction Type
Buyout

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