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Sweden's Investor AB to buy Advanced Instruments in $780 mln deal

Sep 28, 2020 - Nasdaq
Mergers and Acquisitions

STOCKHOLM, Sept 28 (Reuters) - Investor AB's INVEb.ST Patricia Industries has agreed to buy United States-based Advanced Instruments, a provider of scientific and analytical instruments, from Windjammer Capital at an enterprise value of $780 million. Patricia Industries will inject about $620 million in equity while the rest will be financed through external debt and equity investment by key employees at Advanced Instruments, Investor AB said in a statement. Advanced Instruments, a global prov...