Waters Corporation Completes Combination with BD's Biosciences and Diagnostic Solutions Businesses
February 9, 2026
Waters Corporation has completed its previously announced combination with the Biosciences and Diagnostic Solutions businesses of Becton, Dickinson and Company (BD) via a Reverse Morris Trust, creating a global life sciences and diagnostics company focused on high-volume regulated testing. The combined company is organized into four divisions to align products, services, and informatics across analytical sciences, biosciences, advanced diagnostics and materials sciences; Waters shareholders own ~60.8% and BD shareholders ~39.2% of the combined company.
- Buyers
- Waters Corporation
- Targets
- BD Biosciences and Diagnostic Solutions (businesses of Becton, Dickinson and Company)
- Sellers
- Becton, Dickinson and Company
- Industry
- Medical Devices
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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