Reuters – PE-Backed Agilent Pays $2.2B for Dako

Electronics testing equipment maker Agilent Technologies Inc., which is backed by Sweden-based private equity group EQT, will pay $2.2 billion in cash to buy Denmark-based cancer diagnostics company Dako, Reuters wrote Thursday. The deal is expected to close in two months, Reuters said.

 

(Reuters) – Electronics testing equipment maker Agilent Technologies Inc, backed by Sweden-based private equity group EQT, would buy Denmark-based cancer diagnostics company Dako for $2.2 billion in cash.

 

The deal, which is expected to close in two months, will immediately add to Agilent’s adjusted earnings, Agilent said.

 

Dako provides antibodies, reagents, scientific instruments and software mainly to customers in pathology laboratories.