Azenta Completes Sale of B Medical Systems
Life sciences company Azenta (AZTA) announced on Friday that it has completed the sale of its subsidiary, B Medical Systems. The acquisition was carried out by Thelema S.à r.l., which had previously purchased the medical refrigeration devices maker in July. As part of the transaction, a $35 million vendor loan associated with the deal was repaid. The repayment of the loan marks an important milestone for Azenta as it finalizes its divestiture strategy and reduces financial obligations tied to non-core assets. The sale is expected to streamline operations by focusing on core business segments while allowing B Medical Systems to operate independently under new ownership.
Topics: divestiture medical refrigeration devices vendor loan repayment