M&A Deal Summary

Zomedica Acquires Qorvo Biotechnologies

On October 5, 2023, Zomedica acquired medical products company Qorvo Biotechnologies from Qorvo

Acquisition Highlights
  • This is Zomedica’s 2nd transaction in the Medical Products sector.
  • This is Zomedica’s 2nd transaction in the United States.
  • This is Zomedica’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2023-10-05
Target Qorvo Biotechnologies
Sector Medical Products
Buyer(s) Zomedica
Sellers(s) Qorvo
Deal Type Divestiture

Target

Qorvo Biotechnologies

Greensboro, North Carolina, United States
Qorvo Biotechnologies is a point-of-care (POC) diagnostic test platform that aims to change how healthcare is provided. Qorvo Biotechnologies is based in Greensboro, North Carolina.

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Buyer(S) 1

Buyer

Zomedica

Ann Arbor, Michigan, United States

Category Company
Founded 2015
Sector Medical Products
Employees144
Revenue 25M USD (2023)
DESCRIPTION

Zomedica is a veterinary health company creating products for companion animals by focusing on the unmet needs of clinical veterinarians. Zomedica’s product portfolio will include innovative diagnostics and medical devices that emphasize patient health and practice health. Zomedica was founded in 2015 and is based Ann Arbor, Michigan.


DEAL STATS #
Overall 2 of 2
Sector (Medical Products) 2 of 2
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Pulse Vet

Roswell, Georgia, United States

PulseVet is a developer and marketer of non-invasive medical devices for the veterinary market. Pulse Veterinary's principal technology is the VersaTron® family of products for the management of a variety of musculoskeletal disorders causing chronic pain and lameness in animals. PulseVet was founded in 2009 and is based in Roswell, Georgia.

Buy -

Seller(S) 1

SELLER

Qorvo

Greensboro, North Carolina, United States

Category Company
Founded 1957
Sector Semiconductors
Employees8,700
Revenue 3.8B USD (2024)
DESCRIPTION
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.

Qorvo is a provider of core technologies and radio frequency solutions for mobile, infrastructure and defense and aerospace applications. Qorvo has one of the industry's broadest portfolios of RF products and core technologies, and world-class ISO 9001-, ISO 14001- and ISO/TS 16949-certified manufacturing facilities. Qorvo is a preferred supplier to companies that serve the mobile device, networks infrastructure and defense and aerospace markets. Qorvo's designs and manufacturing expertise encompasses many semiconductor process technologies, which is sourced both internally and through external suppliers. Qorvo operates worldwide with design, sales and manufacturing facilities located throughout Asia, Europe and North America. The Company's primary design and manufacturing facilities are located in North Carolina, Oregon, Texas and Florida, and our primary assembly and test facilities are located in China, Costa Rica and Texas. Qorvo was founded in 1957 and is based in Greensboro, North Carolina.


DEAL STATS #
Overall 1 of 2
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 2
State (North Carolina) 1 of 2
Country (United States) 1 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 UnitedSiC

Princeton, New Jersey, United States

UnitedSiC is a manufacturer of silicon carbide (SiC) power semiconductors. United Silicon Carbide’s product portfolio now spans more than 80 SiC FETs, JFETs, and Schottky diode devices. UnitedSiC is based in Princeton, New Jersey.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Anokiwave

Billerica, Massachusetts, United States

Anokiwave is a provider of high-performance silicon integrated circuits (ICs) for intelligent active array antennas for D&A, SATCOM, and 5G applications. Anokiwave was founded in 1999 and is based in Billerica, Massachusetts.

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