WEST WARWICK – San Carlos, Calif.-based Natus Medical Inc. has finalized its acquisition of the Grass Technologies product group from technology manufacturer Astro-Med Inc. for $18.6 million cash.
The Grass Technologies group includes clinically differentiated neurodiagnostic and monitoring products, including a portfolio of polysomnography and electroencephalography systems for clinical and research use as well as related accessories and electrodes.
Under the terms of the deal, Astro-Med will retained its Grass manufacturing facility. The companies have entered into an agreement where Astro-Med will continue to manufacture the Grass products and provide other transition services for a period of time, after which Natus will acquire any remaining inventory.
Natus said it expects the acquisition to be accretive to non-GAAP earnings in its second quarter and full year statements.
No posts to display
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.