Repligen to Acquire Metenova AB
Strategic acquisition of Metenova expands Fluid Management portfolio
Differentiated high performance
mixing technology
• Metenova is an innovator and a market leader
in mixing technology
• High efficiency mixing, improved yield and
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compelling ROI for customers
Vertical integration with
NMS vessels and FlexBiosys bags
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NMS provides plastic fabricated solutions to
Metenova
Future integration of FlexBiosys single-use bags
with Metenova and drive train technology
• Allows full control of supply chain
R REPLIGEN
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Expands Fluid Management capabilities
Adds stainless steel (repeat-use) and single-use
mixing technology to portfolio
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• Mixing solutions for media, buffer preparation
and shear sensitive proteins
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Leverage stainless steel success in promoting
single-use solutions
Metenova is a leader in the stainless steel
(repeat-use) market with a broad portfolio of
mixing technology
Used by >80% of top 20 biopharma companies
(based on reported 2022 revenue)
*Source: Arthur D. Little analysis (Market size as of 2022)
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Expands our total
addressable market (TAM)
Allows RGEN to enter ~$1B mixing market*
Supports manufacturing across modalities:
- Small molecule, mAbs, rProteins
- Vaccines, Cell & Gene Therapy
Primary installed base: Biopharma, CDMO
Meets Repligen's
M&A criteria
Differentiated technology - adds impellers
(mixer heads) and drive trains to portfolio
Strong revenue growth: ~15% in 2023e,
20%-25% in 2025 and forward
Expected to be accretive to adj. margins in
2024 and to adj. EPS in 2025
metem nova
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