M&A Deal Summary

Revvity Acquires Horizon Discovery Group

On November 2, 2020, Revvity acquired healthcare services company Horizon Discovery Group for 296M GBP

Acquisition Highlights
  • This is Revvity’s 2nd transaction in the Healthcare Services sector.
  • This is Revvity’s 4th largest (disclosed) transaction.
  • This is Revvity’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2020-11-02
Target Horizon Discovery Group
Sector Healthcare Services
Buyer(s) Revvity
Deal Type Add-on Acquisition
Deal Value 296M GBP

Target

Horizon Discovery Group

Cambridge, United Kingdom
Horizon Discovery Group PLC is an international life science company supplying research tools and services to organizations engaged in genomics research and the development of personalized medicines. Horizon Discovery Group was founded in 2007 and is based in Cambridge, the United Kingdom.

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Buyer(S) 1

Buyer

Revvity

Waltham, Massachusetts, United States

Category Company
Founded 1937
Sector Medical Products
Employees11,000
Revenue 2.8B USD (2023)
DESCRIPTION

Revvity provides health science solutions, technologies, expertise and services that deliver complete workflows from discovery to development, and diagnosis to cure. Revvity is revolutionizing what’s possible in healthcare, with specialized focus areas in translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, informatics and more. Revvity was formerly known as PerkinElmer. The Company was formed in 1937 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 31 of 36
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 29 of 34
Country (United Kingdom) 1 of 3
Year (2020) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Cisbio Bioassays SAS

Codolet, France

Cisbio Bioassays SAS is a life sciences company committed to improving human healthcare. Cisbio develops and markets products and technologies used for in vitro diagnostics and drug discovery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Oxford Immunotec Global

Abingdon, United Kingdom

Oxford Immunotec Global PLC is a global, high-growth diagnostics company focused on developing and commercializing proprietary tests for the management of immune-regulated conditions. The Company’s first product is the T-SPOT.TB test, which is used to test for tuberculosis infection. The T-SPOT.TB test has been approved for sale in over 50 countries, including the United States, where it has received pre-market approval from the Food and Drug Administration, Europe, where it has obtained a CE mark, as well as Japan and China. The T-SPOT.CMV test and the T-SPOT.PRT test are the Company’s second and third products and part of a series of products intended for the transplantation market. In addition to these three products, the Company has an additional six active development programs, each of which leverages our T cell, B cell and innate immune measuring technology. Oxford Immunotec Global was founded in 2002 and is based in Abingdon, the United Kingdom.

Buy $591M