Danaher to acquire British firm Abcam

29 August 2023

US health care tech conglomerate Danaher Corp (NYSE: DHR) said Monday it has agreed to acquire Abcam (AIM: ABC), just two months after the UK antibody research expert launched a strategic review of the company.

Danaher will acquire all of the outstanding shares of Abcam for $24.00 per share in cash, or a total enterprise value of around $5.7 billion including assumed indebtedness and net of acquired cash. Abcam’s US traded shares closed down 4.3% at $22.35 following the announcement.

Founded in 1998 and headquartered in Cambridge, UK, Abcam offers the scientific community highly validated antibodies, reagents, biomarkers and assays to address targets in biological pathways that are critical for advancing drug discovery, life sciences research, and diagnostics. Its technologies are used by approximately 750,000 researchers.

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