# Waters and BD Announce $17.5B Merger to Create Life Science Tools and Diagnostics Leader

> ma · REPORTED · 2025-07-14

Waters Corporation and Becton, Dickinson and Company announced a definitive Reverse Morris Trust agreement valued at approximately $17.5 billion to combine BD's Biosciences and Diagnostic Solutions business with Waters, creating a combined entity targeting a $40 billion total addressable market by merging liquid chromatography, mass spectrometry, flow cytometry, and clinical diagnostic capabilities.

- Company: Waters Corporation / BD
- Sector: diagnostics
- Primary source: https://www.prnewswire.com/news-releases/waters-and-bds-biosciences--diagnostic-solutions-business-to-combine-creating-a-life-science-and-diagnostics-leader-focused-on-regulated-high-volume-testing-302504188.html

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Source: MedFuel Intel news monitor. Verification tier: REPORTED. Informational only, not investment advice. Corrections: media@medfuelinc.com.