908 Devices Acquires Trace Analytics, Enabling On-Line Bioanalytics
08/09/22, 11:01 AM
Location
bostonIndustry
biotechnology
manufacturing
908 Devices (Nasdaq: MASS), a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announces that it has completed the acquisition of privately-held TRACE Analytics GmbH, based in Braunschweig, Germany, a provider of on-line analysis and sampling systems for biotech applications. 908 Devices expects the acquired technology to enable its mass spec devices as on-line bioprocess monitors.
Company Info
Location
27 drydock ave., 7th floor
Boston, Massachusetts, United States
Company info
RedWave Technology is a leading provider of portable FTIR spectroscopic analyzers for rapid chemical identification of bulk materials. Founded in 2016, RedWave has placed more than 700 portable analyzers to customers in more than 20 countries. The company grew revenue 20%+ to $13.7 million for the full year 2023 and achieved a gross margin of 52% and an operating margin of 15%.