Analogic Corporation is to be acquired by an affiliate of Altaris Capital Partners for an estimated USD1.1 billion, pending regulatory and shareholder approval.
On completion of the deal - expected in mid-2018 - Analogic will be delisted from the NASDAQ and it will operate as a privately held company. The Massachusetts-based company employs about 1,500 staff worldwide.
George Aitken-Davies, co-founder and managing director said that Altaris looks forward to building on the “heritage and rich history” of Analogic’s advanced technologies in medical imaging and security screening.
Analogic announced a strategic review in June 2017. It launched a sale process in September that year and engaged Citi as its financial advisor.
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