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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
Employees152
Revenue 27M USD (2024)
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 M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 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.

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Seller(S) 1

SELLER

Qorvo

Greensboro, North Carolina, United States
Category Company
Founded 2015
Sector Semiconductors
Revenue 3.7B USD (2025)
DESCRIPTION
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.
Entrance to Qorvo's corporate campus in Greensboro, North Carolina.

Qorvo designs and manufactures semiconductor products that connect and power wireless and wired devices. The Company supplies radio frequency solutions, power management components, and connectivity systems for applications in mobile, infrastructure, defense, and IoT markets. Qorvo was formed in 2015 and is headquartered in Greensboro, North Carolina.

DEAL STATS #
Overall 1 of 2
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
State: North Carolina M&A 1 of 2
Country: United States M&A 1 of 2
Year: 2023 M&A 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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