07:19 AM EDT, 03/19/2026 (MT Newswires) -- Embecta ( EMBC ) said Thursday it has entered into a definitive agreement to acquire privately held Owen Mumford in a deal valued at up to 150 million British pounds ($199.3 million).

The deal includes an upfront cash payment of 100 million pounds at closing and up to 50 million pounds in performance-based payments based on net sales of Owen Mumford's Aidaptus auto-injector platform over three years after closing, Embecta ( EMBC ) said.

The transaction is expected to close in Embecta's ( EMBC ) fiscal Q3, subject to regulatory approvals and customary conditions, and will be financed through borrowings under its revolving credit facility, the company said.

Embecta ( EMBC ) also said it expects the deal to contribute to revenue growth starting fiscal 2027.