Patricia Industries Acquires Advanced Instruments

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

September 1, 2020

Medical Devices

Patricia Industries, part of Investor AB, has signed an agreement to acquire Advanced Instruments, LLC from Windjammer Capital for an enterprise value of $780 million. Advanced Instruments, headquartered in Norwood, Massachusetts, is a manufacturer of scientific and analytical instruments serving the clinical, biotechnology and food & beverage markets; the transaction is expected to close in Q4 2020 subject to regulatory approvals.

Patricia Industries' Advanced Instruments Acquires Nova Biomedical

March 19, 2025

Medical Devices

Advanced Instruments, a subsidiary of Patricia Industries, has acquired Nova Biomedical for an enterprise value of USD 2.2 billion. The combined business will operate under the Nova Biomedical name, be led by Advanced Instruments CEO Byron Selman, and creates a diversified global life-science tools platform serving biopharmaceutical and clinical markets.

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.

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 Automation Technologies (AAT) Acquires TE Instruments

January 30, 2025

Manufacturing

Advanced Automation Technologies (AAT), a PE-backed laboratory automation platform supported by Battery Ventures, has acquired TE Instruments (TEI), a Delft-based specialist in combustion elemental analyzers. TEI will join AAT's family of brands (including Skalar Analytical, LCTech, PromoChrom, EST Analytical, tsHR and GERSTEL) to create a unified combustion analyzer division and expand AAT's global sales, service and technical support in environmental, petrochemical and industrial markets.

Patrick Industries Acquires Medallion Instrumentation Systems

February 24, 2025

Manufacturing

Patrick Industries, Inc. completed the acquisition of Spring Lake, Michigan-based Medallion Instrumentation Systems, LLC, a provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. The deal brings Medallion's engineering, display, sensor, controls and wire-harness capabilities into Patrick's component solutions portfolio and supports expansion of Patrick's technology offerings to OEM customers.