The New Shares, corresponding to approx. In company news, Swiss laboratory instruments maker Tecan Group jumped 10.8% to a record high after it said it would buy U.S. medical devices and life sciences instruments group Paramit Corp for . Tecan expands its commercial reach, its capabilities and its US and Asia presence with the acquisition of Paramit Corporation • Tecan to acquire Paramit Corporation, a leading OEM developer and This is Tecan Group's 1st largest (disclosed) transaction. It will also significantly expand the total addressable market for Tecan's Partnering Business. Tecan expands its commercial reach, its capabilities and Tecan Group has signed a definitive agreement to acquire medical devices manufacturer Paramit for a total consideration of $1bn (CHF920m) to extend its presence in the US and Asia. Impact of the acquisition of Paramit Corporation on Tecan's 2021 financial results. Tecan wraps up acquisition of US-based Paramit for $1bn On June 23, 2021, Tecan entered into a definitive agreement to acquire Paramit. Tecan Group, a provider of laboratory instruments and solutions, has wrapped the acquisition of US-based Paramit for up to $1bn. Paramit is a developer and manufacturer of complex electronic medical devices and life science instruments. Altaris Capital Partners, LLC has announced that it has entered into an agreement to sell Paramit Corporation to The Tecan Group for $1 billion. Headquartered in Silicon Valley in the US, Paramit is a global contract development and manufacturing company mainly focused on medical devices and life sciences instruments. Tecan Group Ltd. (SWX:TECN) entered into a definitive agreement to acquire Paramit Corporation from Altaris Capital Partners, LLC for $1 billion on June 23, 2021. Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF 920 million) ; In full year 2021, Paramit is expected to generate around USD 280m in sales (CHF 257m) and around USD 50m EBITDA (CHF 46m), before acquisition-related costs -- Tecan to acquire Paramit Corporation, a . The transaction is expected to be completed in the coming mos.The acquisition of Paramit will expand Tecan's footprints solutions for life sciences and in- IVD. Shots: Tecan to acquire Paramit for ~$1.0B. Switzerland's Tecan Group () is acquiring Morgan Hill, Calif.-based medical device maker Paramit Corp. in a $1B deal. Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF 920 million) . As from this date (acquisition date), Paramit will be consolidated into Tecan Group. On June 23, 2021, Tecan entered into a definitive agreement to acquire Paramit. The Company's most targeted sectors include manufacturing (40%) and chemicals (20%). The New Shares, corresponding to approx. Press Release: Tecan expands its commercial reach, its capabilities and its US and Asia presence with the acquisition of Paramit Corporation. The teams. 01.07.2021 Tecan's FluentControl™ Scheduler simplifies automation of complex workflows. On June 23, 2021 the Group announced that it signed an agreement to acquire 100% of Paramit Group. Credit Suisse acted as sole lender in the financing of SIX Swiss Exchange listed Tecan Group's acquisition of . Schiff Hardin serves as legal advisor to Paramit for the deal. Paramit Corporation has entered into a definitive agreement to be acquired by the Tecan Group for a total purchase consideration of $1.0 billion (CHF 920 million). Paramit, headquartered in Morgan Hill (CA), US, is a leading OEM developer and manufacturer of medical devices and life sciences instruments. MORGAN HILL, Calif., June 23, 2021 /PRNewswire/ -- Paramit Corporation announced today that it has entered into a definitive agreement to be acquired by the Tecan Group (SIX Swiss Exchange: TECN) for a total purchase consideration of USD 1.0 billion (CHF 920 million).Based in Maennedorf, Switzerland, Tecan is a leading global provider of laboratory instruments and solutions in life science . Paramit, headquartered in Morgan Hill (CA), US, is a leading OEM developer and manufacturer of medical devices and . With more than 20 years' experience on three continents in the medical devices and life sciences industries, Myra Eskes' appointment would deepen . Tecan Group Acquires Paramit On June 23, 2021, Tecan Group Ltd. acquired medical products company Paramit Corp. from Altaris Capital Partners LLC for 920M CHF Acquisition Highlights This is Tecan Group's 1st transaction in the Medical Products sector. Paramit Corporation announced today that it has entered into a definitive agreement to be acquired by the Tecan Group (SIX The acquisition is expected to enhance Paramit's capabilities and presence in life sciences and in-vitro diagnostics (IVD). Headquartered in Silicon Valley in the US, Paramit is a global contract development and manufacturing company mainly focused on medical devices and life sciences instruments. News Release - June 23rd, 2021 Morgan Hill, CA - Paramit Corporation announced today that it has entered into a definitive agreement to be acquired by the Tecan Group (SIX Swiss Exchange: TECN) for a total purchase consideration of USD 1.0 billion (CHF 920 million). Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF Tecan successfully completes the acquisition of Paramit . Tecan successfully completes the acquisition of Paramit. Acquisition of Paramit Corporation 3 TECAN TO EXPAND COMMERCIAL REACH, CAPABILITIES AND GEOGRAPHIC FOOTPRINT • Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments • Adds complementary expertise, broadens design, development and manufacturing capabilities The net proceeds from the Share Placement will be used to partly refinance the acquisition of Paramit Corporation (the "Acquisition"). The transaction is expected to be completed in the coming mos. The acquisition of Paramit will expand Tecan's footprints solutions for life sciences and in- IVD. Laboratory instruments and solutions provider Tecan Group has agreed to acquire US-based medical devices and life sciences instruments manufacturer Paramit for around $1bn. Tecan Group Ltd, a $795m Switzerland-based global provider of laboratory instruments and solutions in life science research and clinical diagnostics, has acquired Paramit Corporation, a maker of electronics based medical devices and life science instruments. Paramit, headquartered in Morgan Hill (CA), US, is a leading OEM developer and manufacturer of medical devices and . The acquisition will enhance Paramit's capabilities and market leadership in life sciences and in-vitro diagnostics (IVD), significantly accelerate Tecan's entry into medical devices and expand . Tecan Group has acquired in 1 US state, and 3 countries. The acquisition will add complementary expertise, broadens design, development and manufacturing capabilities, both in North America and in the APAC regionParamit will be […] The acquisition will enhance Paramit's capabilities and market leadership in life sciences and in-vitro diagnostics Paramit Corporation has entered into a definitive agreement to be acquired by the Tecan Group for a total purchase consideration of $1.0 billion (CHF 920 million). Based in the US, Paramit also manufacturers life sciences instruments. Tecan Group to acquire Paramit for $1bn Posted on June 30, 2021 Tecan Group has agreed to acquire medical devices and life sciences instruments manufacturer Paramit in a deal valued at around $1bn. News. Männedorf, Switzerland, August 2 20 21 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has successfully completed the acquisition of US-based Paramit Corporation and its affiliates ("Paramit") for a total purchase consideration of USD 1.0 billion (CHF 920 million). Tecan, a pioneer and global leader in laboratory automation for life sciences and diagnostics, expanded into the medical devices sector with the acquisition of Paramit Corporation in August 2021. Männedorf, Switzerland, August 2 2021 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has successfully completed the acquisition of US-based Paramit Corporation and its affiliates ("Paramit") for a total purchase consideration of USD 1.0 billion (CHF 920 million). Based in Maennedorf, Switzerland, Tecan is a leading global provider of laboratory instruments and solutions in life science research and clinical diagnostics. Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF 920 million) In full year 2021, Paramit is expected to generate around USD 280m in sales (CHF 257m) and around USD 50m EBITDA (CHF 46m), before acquisition-related costs Schiff Hardin serves as legal advisor to Paramit for the deal. 5 The transaction marks one of the highest disclosed acquisition values in . Tecan to acquire Paramit for $1B. 21.09.2021 Tecan issues CHF 250 million inaugural straight bond. 5.4% of Tecan's currently issued, registered share capital, will be issued from Tecan's existing authorised share capital. Paramit, headquartered in Morgan Hill (CA), US, is a leading OEM developer and manufacturer of medical devices and. Read the full article at: www.nsmedicaldevices.com Who We Are Tecan to acquire Paramit for ~$1.0B. Paramit is a developer and manufacturer of complex electronic medical devices and life science instruments. The Tecan Group announced that it has successfully completed the acquisition of US-based Paramit Corporation and its affiliates ("Paramit") for a total purchase consideration of USD 1.0 billion (CHF 920 million). On June 23, 2021, Tecan entered into a definitive agreement to acquire Paramit. 03.09.2021 Tecan successfully completes the placement of 650,000 new shares, thereby securing funding to partly refinance the acquisition of Paramit Corporation. In June, Tecan Group (SWX:TECN) acquired leading OEM development and manufacturing provider Paramit for an enterprise value of $1.0 billion and equivalent to approximately 20x expected full year 2021 EBITDA before acquisition related costs, according to a press release. 5.4% of Tecan's currently issued, registered share capital, will be issued from Tecan's existing authorised share capital. In full year 2021, Paramit is expected to generate around USD 280m in sales (CHF 257m) and around USD 50m EBITDA (CHF 46m), before acquisition-related costs Transaction expected to be immediately and . Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules. It will broaden access to the custom design and manufacturing segment and enable the business to expand into the fast-growing . On June 23, 2021, Tecan entered into a definitive agreement to acquire Paramit. Altaris Capital Partners, LLC has announced that it has entered into an agreement to sell Paramit Corporation to The Tecan Group for $1 billion. The acquisition enhances Paramit's capabilities and market leadership in life sciences and in-vitro diagnostics (IVD), significantly accelerates Tecan's entry into medical devices and expands the combined platform's total addressable market to serve its customers around the world. Tecan Group Ltd., Seestrasse 103, CH-8708 Männedorf, Switzerland T +41 44 922 88 88, F +41 44 922 88 89, info@tecan.com, www.tecan.com . In addition to its medical manufacturing capabilities, the Company provides high-mix complex Electronic Manufacturing Services ("EMS") to the industrial and defense markets. The Paramit Group consists of the following entities: S = services . The acquisition of Paramit will strengthen Tecan's OEM offering in solutions for the life sciences and IVD markets. o Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF 920 million) o . The acquisition will significantly accelerate Tecan's entry into the medical device market and build Paramit's capabilities and . The acquisition will add complementary expertise- broadens design- development and manufacturing capabilities- both in North America and in the . ; Tecan said the acquisition will bolster its position in solutions for life . Männedorf, Switzerland, August 2 2021 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has successfully completed the acquisition of US-based Paramit Corporation and its affiliates ("Paramit") for a total purchase consideration of USD 1.0 billion (CHF 920 million). Tecan Group, a provider of laboratory instruments and solutions, has wrapped the acquisition of US-based Paramit for up to $1bn. Tecan launches an accelerated bookbuilding for the placement of new shares to partly refinance the acquisition of Paramit Corporation Männedorf, Switzerland, 2 September 2021 - Tecan Group Ltd. ("Tecan Group" or "Tecan", SIX Swiss Exchange: TECN) launches an accelerated bookbuilding for the placement of up to 650,000 13.1 Acquisition of Paramit Group. ; Tecan said the acquisition will bolster its position in solutions for life . Paramit is an original equipment manufacturer (OEM) developer and a . Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF 920 million) ; In full year 2021, Paramit is expected to generate around USD 280m in sales (CHF 257m) and around USD 50m EBITDA (CHF 46m), before acquisition-related costs Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules Männedorf, Switzerland, August2 2021 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has successfully completed the acquisition of US-based Paramit Corporation and its affiliates ("Paramit") for a total purchase consideration of USD 1.0 billion (CHF 920 million). Männedorf, Switzerland, June 23 2021 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has entered into a definitive agreement to acquire US-based Paramit Corporation and its. Tecan successfully completes the placement of 650,000 new shares, thereby securing funding to partly refinance the acquisition of Paramit Corporation Paramit was expected to generate around $280 million in 2021 sales and around $50 million in earnings before interest, tax, depreciation and amortisation (EBITDA) before acquisition-related costs.. On June 23, 2021, Tecan entered into a definitive agreement to acquire Paramit. The closing of the transaction was on August 2, 2021. Tecan successfully completes the placement of 650,000 new shares, thereby securing funding to partly refinance the acquisition of Paramit Corporation Posted by: CHF Editor in CHF September 3, 2021 ===. Tecan, a pioneer and global leader in laboratory automation for life sciences and diagnostics, expanded into the medical devices sector with the acquisition of Paramit Corporation in August 2021. The New Shares, corresponding to approx. Based in Maennedorf, Switzerland, Tecan is a leading global provider of laboratory instruments and solutions in . Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules Männedorf, Switzerland, August 2 2021 - The Tecan Group (SIX Swiss Exchange: TECN) announced today that it has successfully completed the acquisition of US-based Paramit Corporation and its affiliates ("Paramit") for a total purchase consideration of USD 1.0 billion (CHF 920 million). Tecan to acquire Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments, for a total consideration of USD 1.0 billion (CHF 920 million) In full year 2021, Paramit is expected to generate around USD 280m in sales (CHF 257m) and around USD 50m EBITDA (CHF 46m), before acquisition-related costs Transaction expected to be immediately and . Acquisition of Paramit Corporation 14 TECAN TO EXPAND COMMERCIAL REACH, CAPABILITIES AND GEOGRAPHIC FOOTPRINT • Paramit Corporation, a leading OEM developer and manufacturer of medical devices and life sciences instruments • Acquisition successfully completed at beginning of August ´21 • Adds complementary expertise, broadens design, The Six Swiss Exchange listed Tecan Group entered into an agreement to acquire US-based Paramit Corporation for a total purchase consideration of USD 1.0 billion. The acquisition of Paramit Corporation was successfully completed and from August 1, 2021, Paramit will be included in the consolidated financial statements of the Tecan Group as a part of the Partnering Business segment. 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