Advanced Instruments, a division of the Swedish investment company Investor AB, has signed an agreement to acquire the American medical equipment manufacturer Nova Biomedical for $2.2 billion. This is reported in a press release from Advanced Instruments.
The financing of the transaction involves the use of borrowed funds and equity provided by Patricia Industries, a division of InvestorAB.
As part of the deal, Nova Biomedical will team up with Advanced Instruments to create a medical instrument manufacturing platform called Nova Biomedical.
The transaction is expected to be completed in the third quarter of 2025.
Nova Biomedical is a company developing medical and diagnostic equipment. The headquarters is located in Waltham, Massachusetts.
Investor AB is one of the largest Swedish companies controlled by the Wallenberg family. The company is present in various industries, the main of which are pharmaceuticals, telecommunications and industry. The headquarters is located in Stockholm (Sweden).
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