Shots:

• Tecan to acquire Paramit for ~$1.0B. 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. The acquisition will add complementary expertise- broadens design- development and manufacturing capabilities- both in North America and in the APAC region
• Paramit will be able to utilize Tecan’s OEM customer base and its commercial channel to further strengthens its geographic footprint in the EU- Asia- including China

Ref: Globe Newswire | Image: Tecan