Merck KGaA to buy Bio-Techne for $11.3B, expanding life-science platform
Jun 25, 2026, 6:13 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The all-cash $73 offer creates an immediate value floor near the proposal price, likely pushing TECH higher toward the offer level, barring deal-approval risk or financing concerns.
AI summary
What happened, with direct paths to the underlying reporting
Merck KGaA has agreed to acquire Bio-Techne for $73 per share in cash, valuing the company at about $11.3 billion and delivering a 36% premium to Bio-Techne's one-month VWAP. The transaction is expected to be immediately accretive to EBITDA and sales, with EPS accretive by year three, and will broaden Merck KGaA's life-science capabilities across multi-omics, spatial biology, and advanced therapeutics.
Merck KGaA to acquire Bio-Techne for US$73/share cash; EV US$11.3B.
Premium of 36% to Bio-Techne's 1-month VWAP; close by late 2026 or early 2027.
Deal is expected to be immediately accretive to EBITDA and sales; EPS accretive by year 3.
Bio-Techne adds multi-omics, spatial biology, and integrated workflows to Merck KGaA.
EUR 140M annual cost synergies anticipated by year 3 post-closing.
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