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Novo Holdings Acquires BBI Group In Deal Worth Over $400M

 
• By Barnaby Pickering

To bolster its life sciences and diagnostics portfolios, Novo Holdings has made another major investment to acquire BBI Group.

• Source: Alamy

American engineering and consultancy firm Exponent sold its stake in BBI Group in a deal worth over $400m to Novo Holdings, making Novo Holdings the majority shareholder. Novo Holdings is a holding company for the Novo Nordisk foundation's commercial activities.

This represents the latest in a series of high-value deal in the diagnostics space in 2021. (Also see "More IVD Mergers: Agilent Buys Resolution, Hologic Acquires Diagenode" - Medtech...

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