I was out of the office for much of July, but that doesn’t mean that everybody else was. Mergers and acquisitions abounded last month, bringing some interesting movement in the Boston business scene. Check out July’s mergers and acquisitions, courtesy of reporting by BostInno and the Boston Business Journal in July.
BFC Software acquired Herlitz, a Cambridge inventory management software firm, for an undisclosed amount. This is the first acquisition for BFC, a software company that helps with all aspects of warehouse management.
Desktop Metal is set to be acquired by Nano Dimension Ltd., a manufacturer with U.S. headquarters in Waltham, for $183 million in cash. The deal is set to close in the fourth quarter of 2024, with the price potentially dropping to $135 million if Desktop Metal takes a $20 million loan facility from its buyer.
Eli Lilly & Co. is buying Morphic Holding Inc., a Waltham biotech company working on treatments for chronic diseases, in a deal valued at around $3.2 billion.
Tectonic Therapeutic Inc., a Watertown-based therapeutics company, went public through a reverse merger with Cambridge’s Avrobio. Tectonic’s share price closed around $17 on June 21, and, alongside the reverse merger, it also completed a $130.7 million private placement.
Eastern Bank completed its acquisition of Cambridge Trust, creating a financial institution with more than $25 billion in assets
Seae Ventures, the Boston-based venture capital firm specializing in early-stage healthcare technology, acquired Unseen Capital, a VC firm based in New York City. The deal brings Seae's assets under management to over $200 million this year.
