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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