Azenta, Inc. (AZTA), Monday announced that its affiliate, Azenta Germany GmbH, has signed an agreement to sell its B Medical Systems business, a manufacturer and distributor of medical refrigeration devices, to THELEMA S.À R.L. for $63 million.
The company explained that the sale of B Medical Systems is expected to simplify its portfolio to prioritize core capabilities with the highest strategic impact.
The proceeds from the deal, expected to close on or before March 31, 2026, will be utilized to strengthen the company and drive long-term profitable value creation.
Azenta's stock closed at $34.75, up 0.70 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.