Neogen - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Neogen M&A Summary

Neogen has acquired 30 companies, including 10 in the last 5 years. A total of 1 acquisition came from private equity firms.

Neogen’s largest acquisition to date was in 2010, when it acquired GeneSeek for $14M. Neogen has acquired in 11 different US states, and 9 countries. The Company’s most targeted sectors include life science (27%) and medical products (27%).

Neogen Business Overview

Where is Neogen headquartered?

Neogen is headquartered in Lansing, Michigan.

What is Neogen’s revenue?

Neogen disclosed revenue of 527M USD for 2022 and 468M USD for 2021.

How many employees does Neogen have?

Neogen has 2,108 employees.

What sector is Neogen in?

Neogen is a test/measurement equipment company.

When was Neogen founded?

Neogen was founded in 1981.

M&A Summary

  • M&A Total Activity30
    • M&A Buy Activity30
  • Total Sectors Invested 8
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 5

Neogen

Neogen Corp.

620 Lesher Place,
Lansing, Michigan 48912
United States,
(517) 372-9200
www.neogen.com

Neogen develops and markets products dedicated to food and animal safety. The Company's food safety division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogen was founded in 1981 and is based in Lansing, Michigan.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.8/yr) # 21 5 3 1 - - 30
vol $23M $23M
Sell (0.0/yr) # - - - - - - 0
  30

Most Recent M&A

Company Date Value Type
Thai-Neo Biotech Co.,Ltd. 2022-07-06 - Add-on Acquisition
Samut Prakarn, Thailand · www.tnb.co.th
Genetic Veterinary Sciences, Inc. 2021-12-09 - Add-on Acquisition
Spokane, Washington · www.pawprintgenetics.com
CAPInnoVet, Inc. 2021-09-20 - Add-on Acquisition
Atlanta, Georgia · www.capinnovet.com
Megazyme Ltd. 2021-01-04 - Add-on Acquisition
Wicklow, Ireland · www.megazyme.com
Elanco Animal Health, Inc. - StandGuard 2020-07-16 - Divestiture
Greenfield, Indiana
Magiar Chilena SA 2020-03-31 - Add-on Acquisition
Penalolen, Chile · www.magiar.cl
Cell Biosciences Pty Ltd. 2020-03-02 - Add-on Acquisition
Heidelberg, Australia · www.cellbiosciences.com.au
Abtek Biologicals Ltd. 2020-02-03 - Add-on Acquisition
Liverpool, United Kingdom · www.abtekbio.com
Productos Químicos Magiar SA 2020-01-06 - Add-on Acquisition
Buenos Aires, Argentina · www.magiar.com.ar
Delta Genomics Centre - Genotyping Services 2019-01-02 - Divestiture
Edmonton, Alberta
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 8 (27%) 14M (60%) - -
Medical Products 8 (27%) 3M (14%) - -
Chemicals 5 (17%) - - -
Consumer Products 3 (10%) 6M (25%) - -
Distribution 2 (7%) - - -
Test/Measurement Equipment 2 (7%) - - -
Consumer Services 1 (3%) - - -
Healthcare Services 1 (3%) - - -
Total 30 $23M - -

By Geo

State/Country Buy Value Sell Value
United States 15 23M - -
  Michigan 3 3M - -
  California 2 - - -
  Nevada 2 - - -
  Idaho 1 - - -
  Georgia 1 - - -
  Washington 1 - - -
  North Carolina 1 - - -
  Nebraska 1 14M - -
  Kentucky 1 6M - -
  Iowa 1 - - -
  Indiana 1 - - -
United Kingdom 5 - - -
Australia 2 - - -
Brazil 2 - - -
Canada 2 - - -
  Manitoba 1 - - -
  Alberta 1 - - -
Argentina 1 - - -
Chile 1 - - -
Ireland 1 - - -
Thailand 1 - - -
Domestic 15 (50%) 23M (100%) - -
Cross-border 15 (50%) - - -
Total 30 $23M - -

Deal Values

buy # Total
< $100M 3 $23M
TOTAL $23M
Largest GeneSeek, Inc.
$14M (2010-04-01)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
17%
5 (17%)

Company Summary

SECTOR

Test/Measurement Equipment

Revenue

527   13% 2022
468   12% 2021
418   1% 2020
414   3% 2019
402   12% 2018
362   13% 2017
321   14% 2016
283   15% 2015
247   20% 2014
207   2013
(millions of USD) Show More Show Less

Employees

2,108

Established

1981

Public

NASDAQ: NEOG

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