M&A Deal Summary

Biosynex Acquires AVALUN

On May 3, 2021, Biosynex acquired medical products company AVALUN

Acquisition Highlights
  • This is Biosynex’s 2nd transaction in the Medical Products sector.
  • This is Biosynex’s 2nd transaction in France.

M&A Deal Summary

Date 2021-05-03
Target AVALUN
Sector Medical Products
Buyer(s) Biosynex
Deal Type Add-on Acquisition

Target

AVALUN

Grenoble, France
AVALUN is a manufacturer of medical devices. LabPad+ is a smartphone/tablet application that connects via Bluetooth to AVALUN’s LabPad devices. Once connected, LabPad+ allows performing a biological test by associating to the result all the useful traceability information concerning the test performed, the operator, the patient, and any contextual comments. AVALUN is based in Grenoble, France.

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Buyer(S) 1

Buyer

Biosynex

Illkirch-Graffenstaden, France

Category Company
Founded 2005
Sector Life Science
Employees176
Revenue 27M EUR (2016)
DESCRIPTION

Biosynex is a designer and distribution of rapid diagnostic tests. Biosynex develops, manufactures and markets Medical Devices for Screening, Diagnostics, and Prevention in a permanent quest for excellence. Biosynex was founded in 2008 and is based in Illkirch-Graffenstaden, France.


DEAL STATS #
Overall 2 of 5
Sector: Medical Products M&A 2 of 4
Type: Add-on Acquisition M&A Deals 1 of 2
Country: France M&A 2 of 3
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-04 Visiomed Group SA - Family Health Activities

Paris, France

Visiomed Group SA - Family Health Activities includes medical devices and non-connected pharmacy products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 Chembio Diagnostics

Hauppauge, New York, United States

Chembio Diagnostics is a developer, manufacturer and marketer of proprietary rapid diagnostic tests in the growing $8.0 billion point-of-care testing market. Chembio markets each of its DPP® HIV 1/2 Assay, HIV 1/2 STAT-PAK® Assay, and SURE CHECK® HIV 1/2 Assay, with these Chembio brand names, in the U.S. and internationally both directly and through third-party distributors. Chembio Diagnostics was incorporated in 1985 and is based in Hauppauge, New York.

Buy $17M