Quanterix acquires EMISSION Inc.

Quanterix (QTRX) acquired EMISSION iNC. Quanterix expects the transaction will close in January 2025. EMISSION is based in Georgetown, TX and manufactures large-scale, highly-uniform dye-encapsulating magnetic beads designed for low and mid-plex assays and a mid-plex platform that reads its proprietary beads. Vertically integrating EMISSION will allow Quanterix to secure the use of EMISSION’s beads in Quanterix’s next generation platform and to develop a new multi-plex segment targeting third-party OEM customers. Quanterix will use cash on hand to acquire EMISSION for $10 million, with an additional $10M payable upon completion of certain technical milestones. Additionally, EMISSION may receive up to an additional $50M in earnout payments, contingent upon the achievement of certain performance milestones, which we expect will be primarily funded through cash generated from achievement of the earnout criteria. The transaction is expected to be accretive to revenue and gross margins in 2026.