ChemoMetec Expands Its Portfolio with Ovizio Acquisition
ChemoMetec Acquires Ovizio Imaging Systems SA
ChemoMetec has taken an important step by submitting a binding tender offer for the complete acquisition of Belgian company Ovizio Imaging Systems SA. This decision comes after careful consideration and a thorough due diligence process.
Details of the Acquisition
The acquisition is set at a price of EUR 2,830,000. Exciting news: the tender offer has captured the acceptance of shareholders owning over two-thirds of Ovizio. ChemoMetec is now focused on securing consent from the remaining shareholders, who have the legal obligation to contribute.
Expectedly, the closing of this deal is projected to happen within a week, marking the official start of ChemoMetec's integration and development of Ovizio’s operations.
Future Developments and Impacts
Once the acquisition is finalized, ChemoMetec plans to roll out developmental measures aimed at enhancing Ovizio's offerings. Importantly, ChemoMetec assures that acquiring Ovizio will not alter its latest guidance and forecasts.
About Ovizio Imaging Systems
Ovizio Imaging Systems is recognized for its innovative cell counter developed with holographic microscopy technology. This device is extensively used in bioprocessing as well as in the realms of cellular and gene therapy. A standout feature of Ovizio’s product is its direct integration with customers' bioreactors via a high-cleanliness, disposable item that ensures sterilization.
The cell counter allows for the continuous extraction of cells from bioreactors for analysis, with the provision to return them afterward. Ovizio's clientele includes esteemed names in the pharmaceutical and biotech industries. They reported revenues of EUR 1.4 million in 2023, with a sizable portion coming from the sales of consumables and service contracts.
About ChemoMetec A/S
ChemoMetec A/S specializes in the development, manufacturing, and marketing of cutting-edge instruments for cell counting and various other measurements. Their instruments cater primarily to the pharmaceutical, biotech, and agricultural sectors globally.
Since its establishment in 1997, ChemoMetec has formed partnerships with some of the world's leading pharmaceutical companies, establishing a strong reputation in the market. The company is listed on Nasdaq OMX Copenhagen.
Contact Information
If you need additional details or have inquiries regarding the acquisition, please reach out to:
Martin Helbo Behrens, CEO
Phone: (+45) 48 13 10 20
Kim Nicolajsen, CFO
Phone: (+45) 48 13 10 20
Frequently Asked Questions
1. What is the acquisition price for Ovizio Imaging Systems?
The acquisition price is set at EUR 2,830,000.
2. How much of Ovizio's shares have already been accepted?
Shareholders owning more than two-thirds of Ovizio have accepted the tender offer.
3. Will the acquisition affect ChemoMetec’s guidance?
ChemoMetec confirms that the acquisition will not impact its most recent guidance.
4. What technology does Ovizio specialize in?
Ovizio specializes in holographic microscopy for cell counting, particularly in bioprocessing and gene therapy.
5. When is the closing of the acquisition expected?
The closing is expected to take place within the coming week.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Nicolet Bankshares Hits Record High: What You Need to Know
- Wolfspeed Enhances Financial Agreement with Renesas for Growth
- Capricor Therapeutics Eyes Growth with New Stock Offering
- Certara Strengthens Board with New Industry Veteran Addition
- SL Green Expands Lease with Bloomberg at Major NYC Office Tower
- Pulmonx Corporation to Announce Q3 Results with Insights
- Lithium Americas Teams Up with GM for Major Lithium Project
- SelectQuote Strengthens Financial Position with $100 Million Deal
- Intel Battles Market Challenges and Potential Major Acquisitions
- Citigroup's Strategy: Navigate Euro Moves with Caution
Recent Articles
- Astroport and Orbit Fab Collaborate on Lunar Missions
- How Severe Storms Are Shaping Home Insurance Trends in 2024
- K92 Mining Announces Conference Call for Development Plan Update
- Celebrating AI Innovation: The Upcoming Global Good Event
- AFR Launches Innovative Platform for Enhanced Broker Interaction
- 7AI Expands Leadership with New Executives for Growth
- Unlocking New Housing Opportunities in Québec: A Federal Initiative
- Victor Capital Partners Celebrates $310 Million Fund II Success
- Kiavi Achieves $400 Million Milestone in Securitization Success
- Investing in Vertex Pharmaceuticals: A 5-Year Overview
- Exploring the Future of Digital Dentures and Market Trends
- Significant Growth of Diamondback Energy Stock Over Five Years
- Astroport and Orbit Fab Partner to Advance Lunar Exploration
- Forecasting the Future of Surface Mount Technology Equipment
- Celebrating Asian Hall of Fame's Class of 2024 Induction Ceremony
- U.S. Seeks to Propel Small Modular Reactor Innovation with Funding
- Houlihan Lokey Achieves All-Time High Stock Price in Market Surge
- Plexus Corp Achieves Record Stock Price of $138.43
- Cavendish Hydrogen and HOERBIGER Join Forces to Transform Fueling
- Turning Point Brands Reaches 52-Week High Amidst Growth Surge
- Nathan's Famous Achieves Impressive 52-Week Stock Milestone
- Dominion Energy's Stock Soars Amid Strategic Expansion Plans
- Batteries Plus Executives to Share Franchise Insights at Conference
- Rosenblatt Maintains Optimistic View on Sonos for New Releases
- Genmab A/S Maintains Strong Market Position Amid Sales Growth
- Bionano Genomics Faces Challenges as Stock Reaches New Low
- Penguin Solutions Faces Stock Target Downgrade Despite Growth Potential
- Atmus Filtration Stock Target Raised Amid Positive Trends
- ASML's Forecast Cut Highlights Overcapacity in Chip Sector
- Jefferies Highlights Top Picks in Exposure Management Stocks
- Emirates Expands Its Fleet with New Orders for Boeing 777F Freighters
- Challenges Ahead for Tesla Stock Following Disappointing Event
- Citi Analysts Boost Cisco Systems Rating on AI Growth Potential
- Phunware Sets Bold New Strategy Amid Market Movements
- Henry J. Carter Specialty Hospital Achieves Care Accreditation
- United Airlines Surges on Strong Earnings Report, Drives Market Gain
- Canyon Network Raises $6 Million to Propel Onchain AI Solutions
- Artificial Intelligence Transforming Ultrasound Imaging Sector
- Smart Trading Insights for Major Tech Stocks Today at Market Clubhouse
- Induction Furnace Market Set to Reach USD 2.37 Billion Soon
- Greene County Bancorp Declares Steady Cash Dividend for Investors
- Recent Disclosures by Davidson Kempner Capital Management LP
- Florida Realtors Foundation Provides $500K for Hurricane Aid
- Davidson Kempner Highlights Stake in International Paper Company
- Transforming Office Spaces: A Billion Square Feet for Housing
- Phoenix Tower International Celebrates Great Workplace Recognition
- CRED iQ Unveils NOLAN: A Revolution in Loan Analytics
- Promoting Safe Sleep for Infants: Huggies' Initiative Explained
- Global Atomic Corporation Successfully Secures C$40.3 Million
- AM Best Study Reveals Positive Trends for Insurers' Impairments