Add-on Acquisition • Technology Hardware

908 Devices Acquires RedWave

On April 30, 2024, 908 Devices acquired technology hardware company RedWave for 54M USD

Acquisition Context
  • This is 908 Devices’ 1st transaction in the Technology Hardware sector.
  • This is 908 Devices’ largest (disclosed) transaction.
  • This is 908 Devices’ 1st transaction in the United States.
  • This is 908 Devices’ 1st transaction in Connecticut.

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M&A Deal Summary

Date April 30, 2024
Target RedWave
Sector Technology Hardware
Buyer(s) 908 Devices
Deal Type Add-on Acquisition
Deal Value 54M USD
Advisor(s) Diamond Capital Advisors (Financial)
Benesch, Friedlander, Coplan & Aronoff (Legal)

Target Company

RedWave

Danbury, Connecticut, United States
RedWave is a provider of portable FTIR spectroscopic analyzers for rapid chemical identification of bulk materials. FTIR (Fourier Transform Infrared), an optical spectroscopy technology, is highly regarded for its specific substance identification abilities across a broad range of bulk materials. RedWave was founded in 2016 and is based in Danbury, Connecticut.
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Buyer Overview 1

Buyer

908 Devices

Boston, Massachusetts, United States

Category Company
Founded 2012
Sector Medical Products
Employees246
Revenue 60M USD (2024)
DESCRIPTION

908 Devices develops and sells measurement devices for chemical and biochemical analysis in the United States, China, Japan, Europe, and internationally. The company develops its products using mass spectrometry (Mass Spec) technology, an analytical technique for molecular analysis. From biopharmaceutical scientists designing life-saving medicines to responders on the front lines of public safety, its customers need immediate and actionable answers. It focuses on providing tools to help customers make decisions in minutes, not hours, days, or weeks. 908 Devices was founded in 2012 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 2 of 2
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 2 of 2
State: Connecticut 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-09 TRACE Analytics

Braunschweig, Germany

TRACE Analytics develops online aseptic sampling systems and novel biosensors for bioreactor monitoring and control. Their validated technology, in single-use and reusable configurations, is applied in mammalian cell culture and microbial fermentations at all levels of the bioprocess chain, from research and development to large-scale production. TRACE Analytics was founded in 2003 and is based in Braunschweig, Germany.

Buy $17M