We are advising Nova Biomedical on the transaction

Davis Polk is advising Nova Biomedical on its acquisition by Advanced Instruments, a subsidiary of Patricia Industries, from its founding shareholders at an enterprise value of $2.2 billion. Following the closing of the transaction, a subsidiary of Advanced Instruments and Nova Biomedical will merge, with Nova Biomedical surviving as a wholly owned subsidiary of Advanced Instruments, creating a global life science tools platform that will operate under the Nova Biomedical name. The closing is subject to regulatory approval and is expected during the third quarter of 2025.

Nova Biomedical is a global provider of analytical instruments and consumables for the biopharmaceutical and clinical markets. The company’s innovative products are used in over 100 countries by leading biopharmaceutical companies and hospitals. Nova is headquartered in Waltham, Massachusetts, and has approximately 1,500 employees.

Advanced Instruments is a global provider of scientific and analytical instruments for the biotechnology, clinical, and food and beverage industries. For more than 70 years, the company’s innovations have helped organizations improve quality of results, achieve reliable outcomes and increase workplace productivity. Advanced Instruments is based in Norwood, Massachusetts.

Patricia Industries, the majority owner of Advanced Instruments, is a long-term owner that invests in companies in the Nordics and in North America. The company was founded in Sweden by the Wallenberg family and is owned by the family’s industrial holding company, Investor AB.

The Davis Polk corporate team includes partner Michael Gilson and associate Claire Fischer. Partner David R. Bauer and associate Yana Kipnis are providing intellectual property advice. Partner William A. Curran and associate Eytan de Gunzburg are providing tax advice. Partner Jennifer S. Conway is providing executive compensation advice. Partner Brian D. Hirsch and counsel J. Avelina Burbridge are providing real estate advice. Partner Arthur J. Burke is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and Northern California offices. 

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