Waters Corporation announced it has completed its acquisition of Wyatt Technology, a pioneer in innovative light scattering and field-flow fractionation instruments, software, accessories, and services. With the acquisition of Wyatt, Waters wants to accelerate its ability to build a high-growth business in bioanalytical characterization for new modalities.
With more than 80 percent of its rapidly growing revenues tied to large molecule applications, the acquisition of Wyatt accelerates Waters' ability to build a high-growth business in bioanalytical characterisation for new modalities. This includes cell and gene therapies, which represents a significant opportunity with a 1.8 billion dollars total addressable market and 10-12 percent projected annual growth. Wyatt's highly complementary analytical technologies, together with Waters' global reach and expertise in simplifying sophisticated techniques for high-volume applications, positions Waters to better serve the fast-growing needs of its global customers.
As previously announced, the transaction is expected to be immediately accretive to Waters' revenue growth and margin profile. Additionally, Waters expects to generate over 70 million dollars in annual revenue synergies by the fifth year following transaction close. The transaction is also expected to be accretive to Waters' adjusted earnings per share beginning in Q1 2024 and to deliver a high single-digit plus adjusted return on invested capital in year five, net of tax.
Stand vom 23.03.2021
Consent to the use of data for promotional purposes
I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here
Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.
In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.
Right of revocation
I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.