| Schedule of the aggregate purchase price of the acquisitions that was allocated to the assets acquired and liabilities assumed |
The fair values of the assets acquired and liabilities assumed as of the acquisition date and the updated final amounts as of June 30, 2024 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preliminary allocation at acquisition date |
|
Adjustments to fair value |
|
Final allocation at June 30, 2024 |
Current assets |
$ |
12,512 |
|
$ |
(357) |
|
$ |
12,155 |
Equipment and other long-term assets |
|
1,470 |
|
|
|
|
|
1,470 |
Intangible assets: |
|
|
|
|
|
|
|
|
Developed technologies |
|
60,300 |
|
|
|
|
|
60,300 |
Tradenames |
|
4,900 |
|
|
|
|
|
4,900 |
Customer relationships |
|
1,200 |
|
|
|
|
|
1,200 |
Goodwill |
|
102,560 |
|
|
2,090 |
|
|
104,650 |
Total assets acquired |
|
182,942 |
|
|
1,733 |
|
|
184,675 |
|
|
|
|
|
|
|
|
|
Liabilities |
|
7,096 |
|
|
|
|
|
7,096 |
Deferred income taxes, net |
|
5,768 |
|
|
2,104 |
|
|
7,872 |
Net assets acquired |
$ |
170,078 |
|
$ |
(371) |
|
$ |
169,707 |
|
|
|
|
|
|
|
|
|
Cash paid |
|
166,426 |
|
|
3,281 |
|
|
169,707 |
Estimated Net Working Capital |
|
3,652 |
|
|
(3,652) |
|
|
— |
Net assets acquired |
$ |
170,078 |
|
$ |
(371) |
|
$ |
169,707 |
|
| Schedule of the aggregate purchase price of the acquisitions that was allocated to the assets acquired and liabilities assumed |
Net sales and operating loss of this business included in Bio-Techne's consolidated results of operations for the twelve months ended June 30, 2023 were approximately $6.4 million and $9.3 million, respectively. The fair values of the assets acquired and liabilities assumed as of the acquisition date and the updated final amounts as of June 30, 2023 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
Namocell Inc |
Current assets, net of cash |
|
$ |
3,248 |
Equipment and other long-term assets |
|
|
405 |
Intangible assets: |
|
|
|
Developed technology |
|
|
73,900 |
Trade name |
|
|
700 |
Customer relationships |
|
|
900 |
Non-competition agreement |
|
|
100 |
Goodwill |
|
|
51,257 |
Total assets acquired |
|
|
130,510 |
|
|
|
|
Liabilities |
|
|
546 |
Deferred income taxes, net |
|
|
18,180 |
Net assets acquired |
|
$ |
111,784 |
|
|
|
|
Cash paid, net of cash acquired |
|
|
101,184 |
Additional consideration |
|
|
10,600 |
Net assets acquired |
|
$ |
111,784 |
|