Hologic Acquires Endomag for $310M

April 29, 2024

Hologic, Inc. has signed a definitive agreement to acquire Endomagnetics Ltd (Endomag), a Cambridge, U.K.-based developer of breast surgery localization and lymphatic tracing technologies, for approximately $310 million. Endomag generated about $35 million in revenue in 2023; the deal is expected to be slightly dilutive to Hologic's non-GAAP EPS in fiscal 2024, break even in 2025 and be accretive thereafter, and remains subject to customary closing conditions and regulatory approvals.

Buyers
Hologic, Inc.
Targets
Endomagnetics Ltd (Endomag)
Industry
Medical Devices
Location
Cambridgeshire, United Kingdom
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.