BioLife Solutions Sells SAVSU Cleo Technologies to Peli BioThermal for $25.5 Million

Reuters

10/07

BioLife Solutions Sells SAVSU Cleo Technologies to Peli BioThermal for $25.5 Million

BioLife Solutions Inc. has completed the sale of its wholly owned cold chain logistics subsidiary, SAVSU Cleo Technologies, LLC (formerly SAVSU Technologies, Inc.), to Peli BioThermal for $25.5 million in cash, subject to certain adjustments. According to the company, the transaction is intended to streamline BioLife's product portfolio and operations, allowing the company to focus resources on high-margin recurring revenue. BioLife noted that Peli BioThermal, a global leader in temperature-controlled logistics solutions, recognized the value of the SAVSU evo technology in this agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BioLife Solutions Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: LA91818) on October 07, 2025, and is solely responsible for the information contained therein.

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ID: LA91818) on October 07, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1169590202.USD","symbol_name":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251007:nNDL1wkyP7:1","article_id":"2573794952","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573794952","pubTimestamp":1759838660,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BioLife Solutions Inc. has completed the sale of its wholly owned cold chain logistics subsidiary, SAVSU Cleo Technologies, LLC , to Peli BioThermal for $25.5 million in cash, subject to certain adjustments. 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