M&A Deal Summary

Cryoport Acquires Critical Transport

On April 6, 2021, Cryoport acquired transportation company Critical Transport for 5M USD

Acquisition Highlights
  • This is Cryoport’s 2nd transaction in the Transportation sector.
  • This is Cryoport’s 4th largest (disclosed) transaction.
  • This is Cryoport’s 1st transaction in Australia.

M&A Deal Summary

Date 2021-04-06
Target Critical Transport
Sector Transportation
Buyer(s) Cryoport
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Critical Transport

Castle Hill, Australia
Critical Transport provides premium healthcare logistics management services, specializing in time- and temperature-critical solutions for the medical and pharmaceutical industries. Critical Transport was founded in 2009 and is based in Castle Hill, Australia.

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Buyer(S) 1

Buyer

Cryoport

Brentwood, Tennessee, United States

Category Company
Founded 1999
Sector Transportation
Employees1,090
Revenue 228M USD (2024)
DESCRIPTION

Cryoport is a provider of temperature-controlled logistics solutions for life sciences commodities during distribution, serving the biopharmaceutical market with logistics solutions for biologic materials, such as regenerative medicine, including immunotherapies, stem cells, and CAR-T cells. Cryoport was founded in 1999 and is based in Brentwood, Tennessee.


DEAL STATS #
Overall 5 of 8
Sector: Transportation M&A 2 of 4
Type: Add-on Acquisition M&A Deals 3 of 6
Country: Australia M&A 1 of 1
Year: 2021 M&A 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 MVE Biological Solutions

Ball Ground, Georgia, United States

MVE Biological Solutions is a manufacturer of vacuum insulated products and cryogenic freezer systems for the life sciences industry. MVE provides cryogenic storage and transportation solutions for the life sciences industry through its advanced line of stainless steel freezers, aluminum dewars, and related ancillary equipment used in the storage and transport of life sciences commodities, which includes the rapidly growing cell and gene therapies business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 F-Airgate

Brucargo, Belgium

F-Airgate is a provider of innovative temperature-controlled supply chain solutions, with a broad offering that includes premium transport services such as Next Flight Out solutions and Time Critical Courier Solutions. F-Airgate headquartered in Brucargo, Belgium.

Buy -