Enhances high-throughput workflow offerings with leading 2D
barcode reader
BURLINGTON, Mass., Feb. 3, 2023
/PRNewswire/ -- Azenta, Inc. (Nasdaq: AZTA) today announced that it
has acquired Ziath, Ltd. and its subsidiaries ("Ziath"). Based in
Cambridge, UK, Ziath is a leading
provider of 2D barcode readers for life sciences applications.
Founded in 2005, Ziath's innovative 2D barcode readers are a key
component of the laboratory automation workflow serving
pharmaceutical, biotech and academic customers worldwide.
"As part of Azenta, Ziath will enhance offerings which support
the entire lifecycle of the sample – from specimen collection to
sample registration, storage and processing. The Ziath 2D barcode
scanners are also fully compatible with and complimentary to
Azenta's 2D barcoded sample tubes," stated Mitch Coyne, SVP and General Manager of the Life
Sciences Products business.
CEO and co-founder, Neil Benn
will continue to lead the business as part of the Consumables and
Instruments business within the Life Sciences Products segment. The
transaction is expected to be accretive to non-GAAP earnings in FY
2023 and GAAP earnings in FY 2024.
About Azenta Life Sciences
Azenta, Inc. (Nasdaq: AZTA) is a leading provider of life
sciences solutions worldwide, enabling impactful breakthroughs and
therapies to market faster. Azenta provides a full suite of
reliable cold-chain sample management solutions and genomic
services across areas such as drug development, clinical research
and advanced cell therapies for the industry's top pharmaceutical,
biotech, academic and healthcare institutions globally.
Azenta is headquartered in Burlington, Massachusetts, with operations in North
America, Europe and Asia. For more information,
please visit www.azenta.com.
"Safe Harbor Statement" under Section 21E of the Securities
Exchange Act of 1934
Some statements in this release are forward-looking statements
made under Section 21E of the Securities Exchange Act of 1934.
These statements are neither promises nor guarantees but involve
risks and uncertainties, both known and unknown, that could cause
Azenta's financial and business results to differ materially from
our expectations. They are based on the facts known to management
at the time they are made. These forward-looking statements include
but are not limited to statements about the expected benefits of
the acquisition of Ziath Ltd. Factors that could cause results to
differ from our expectations include the following: our ability to
integrate Ziath's business, and other factors and other risks,
including those that we have described in our filings with the
Securities and Exchange Commission, including but not limited to
our Annual Report on Form 10-K, current reports on Form 8-K and our
quarterly reports on Form 10-Q. As a result, we can provide no
assurance that our future results will not be materially different
from those projected. Azenta expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any
such statement to reflect any change in our expectations or any
change in events, conditions, or circumstances on which any such
statement is based. Azenta undertakes no obligation to update the
information contained in this press release.
INVESTOR CONTACTS:
Sara Silverman
Head of Investor Relations & Corporate Communications
ir@azenta.com
Sherry Dinsmore
sherry.dinsmore@azenta.com
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SOURCE Azenta