Patricia Industries (Investor AB) Acquires Advanced Instruments from Windjammer Capital

Windjammer Capital Acquires PrecisionX Group

April 1, 2026

Industrial Services

Windjammer Capital acquired PrecisionX Group, a provider of high-precision metal components for mission-critical applications in highly regulated end markets. PrecisionX is headquartered in Waterbury, Connecticut, operates across seven U.S. facilities, and offers deep and shallow drawn/progressive stamping and machining capabilities such as Swiss screw, CNC, and wire EDM.

Advanced Instruments (Patricia Industries) Completes Acquisition of Nova Biomedical

March 19, 2025

Healthcare Services

Advanced Instruments, a wholly owned subsidiary of Patricia Industries, completed its acquisition of Nova Biomedical for an enterprise value of USD 2.2 billion. The transaction followed regulatory approval and resulted in the combined business operating under the Nova Biomedical name, led by Advanced Instruments’ CEO Byron Selman.

Advanced Instruments Acquires Artel

April 26, 2022

Medical Devices

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.

Advanced Instruments Acquires Solentim

August 5, 2021

Medical Devices

Advanced Instruments has signed a definitive agreement to acquire Solentim for approximately USD 240 million, in a strategic add-on funded mainly with equity from Patricia Industries. The acquisition expands Advanced Instruments' bioprocessing instruments and consumables portfolio and combines complementary imaging, automation and single-cell cloning capabilities; Solentim is headquartered in Bournemouth, United Kingdom, and reported ~USD 17m revenue and ~USD 5m adjusted EBITDA for the 12 months to June 2021.

Patricia Industries Acquires Advanced Instruments

September 28, 2020

Medical Devices

Patricia Industries, part of Investor AB, has completed the acquisition of US-based Advanced Instruments, a global leader in osmolality testing instrumentation and consumables, from Windjammer Capital. The deal values Advanced Instruments at an enterprise value of USD 780 million; Patricia Industries injected roughly USD 619–620 million of equity for majority ownership. Advanced Instruments (headquartered in Norwood, Massachusetts) serves clinical, biopharmaceutical and food & beverage markets and reported approximately USD 72 million in sales for the 12 months ending June 30, 2020.

Patricia Industries (Investor AB) Acquires BraunAbility (The Braun Corporation)

September 23, 2015

Medical Devices

Patricia Industries, a division of Investor AB, agreed to acquire The Braun Corporation (doing business as BraunAbility), the U.S. market leader in wheelchair-accessible vehicles and wheelchair lifts. The deal, announced September 23, 2015, positions BraunAbility as a wholly-owned subsidiary of Patricia Industries to accelerate product innovation and global expansion; financial terms were not disclosed.