Scientific Industries Completes Strategic Refocus and Secures Proceeds of $10 million to Accelerate Growth of Two Data-Driven Business Platforms; Divests Genie® Division to OHAUS Corporation’s affiliate Troemner, LLC

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Scientific Industries sold its Genie division to Troemner, LLC for $9.6 million in cash, with a possible earnout of up to $1.5 million. The company also signed transition services and supply agreements to support the handoff for up to one year. It will redirect proceeds toward its two core growth platforms: VIVID for pharmacy automation and Scientific Bioprocessing’s DOTS platform for AI-enabled biomanufacturing. The company says it is shifting away from legacy hardware and toward SaaS-enabled, data-driven software and integrated digital infrastructure for life sciences.

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