Capmont sells ITM stake as Telix agrees $1.65 billion acquisition
TLX•Telix agreed to acquire all of ITM Isotope Technologies Munich for $1.65 billion upfront, with up to $700 million in milestone payments. ITM shareholders are expected to own about 23.7% of Telix after completion.
1. Acquisition terms
Telix agreed to acquire 100% of ITM for $1.65 billion upfront on a cash- and debt-free basis. The deal includes up to $700 million in milestone payments tied to regulatory and sales targets for ITM-11, and Capmont sold its minority stake in ITM as part of the merger.
2. Expected closing
ITM shareholders are expected to hold about 23.7% of Telix upon completion. Closing is targeted by the end of Telix’s FY2026, subject to a shareholder vote, regulatory clearances and other customary conditions.
