ELITechGroup: Bruker signs agreement to acquire ELITechGroup for $942m

Life sciences and diagnostics company Bruker has agreed to acquire ELITechGroup, a provider of in-vitro diagnostic (IVD) systems, in a €870m ($942m) cash deal. ELITechGroup will be acquired from TecFin, a controlled affiliate of PAI Partners. However, the transaction excludes ELITech's clinical chemistry business, which is being carved out. With over 500 emp...