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Nanogen reverse merges with Elitech in €66.5mm deal

Executive Summary

Nanogen has agreed to reverse merge with fellow in vitro diagnostics player Elitech Group (privately held) in a transaction valued at €66.5mm ($99.2mm). The deal excludes Elitech's French sales subsidiary, which the combined entity has the exclusive right to buy for €3.5mm over the next two years.
Deal Industry
  • In Vitro Diagnostics
    • Chemistry, Immunoassay
    • Hematology, Coagulation
Deal Status
  • Final
Deal Type
  • Acquisition
    • Full Acquisition
    • Payment Includes Cash
    • Includes Contract

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