embecta to Acquire Owen Mumford for up to £150M

embecta has entered into a definitive agreement to acquire Owen Mumford Holdings Limited for up to £150 million. The deal includes an upfront cash payment of £100 million at closing, subject to customary adjustments for closing net cash.

embecta will also pay up to an additional £50 million in performance-based payments based on net sales of the Aidaptus next generation auto-injector platform over the three years after closing. The transaction is expected to close in embecta’s fiscal third quarter of 2026, subject to regulatory approvals and other closing conditions.

The agreement was unanimously approved by embecta’s board of directors.