Advanced Instruments Acquires Artel
April 26, 2022
Advanced Instruments has signed an agreement to acquire Artel, a Westbrook, Maine-based provider of calibration and validation instruments, consumables, software and services for life-science laboratories. The add-on transaction is funded by Patricia Industries and Advanced Instruments (with external debt), values Artel at an upfront ~$85m with contingent payments of up to $55m, and is intended to expand Advanced Instruments' liquid-handling portfolio and R&D capabilities.
- Buyers
- Advanced Instruments, Patricia Industries
- Targets
- Artel
- Platforms
- Advanced Instruments
- Industry
- Medical Devices
- Location
- Maine, United States
- Transaction Type
- Addon
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.