EVIDENT ANNOUNCES ACQUISITION BY BAIN CAPITAL, TO HASTEN GROWTH, INNOVATION

KUALA LUMPUR, April 4 (Bernama) -- Evident Corporation (Evident) has announced its acquisition by private equity firm Bain Capital Private Equity (Bain Capital) from Olympus Corporation (Olympus) pursuant to the definitive agreement signed on Aug 29, 2022.

Evident was newly established on April 1, 2022 as a wholly owned subsidiary of Olympus comprising the former Scientific Solutions business conducted by Olympus. Headquartered in Tokyo, Japan, Evident conducts business in 24 countries with more than 4,300 employees.

Supported by Bain Capital, Evident will attain a higher level of agility and faster decision-making to drive innovation-based growth in the life science and industrial markets.

Building on a history of more than 100 years of innovation in imaging, instrumentation, and measurement solutions, Evident plans to further expand its portfolio of world-class products, solutions, and services.

In a statement, Yoshitake Saito, Evident President and CEO said: “We are very excited about our partnership with Bain Capital because we are convinced that it will enable us to even more strongly fulfill our purpose of becoming a preferred workflow solution partner for a broad range of customers in the life science and industrial markets.”

Meanwhile, Yuji Sugimoto, Partner of Bain Capital in Japan, said: “Bain Capital is committed to supporting Evident on its sustainable growth path to allow the company to foster an accelerated innovation process.”

Stephen Thomas, Partner of Bain Capital in North America, added: “Evident is at the frontier of digital optical technology in the life science and industrial end markets, and has great potential to expand into new products, new customers, and new markets as an independent company.”

For more information, visit www.EvidentScientific.com.

-- BERNAMA