Azenta, Inc. (NasdaqGS:AZTA) is looking for acquisitions. Stephen S. Schwartz, Chief Executive Officer said, "So all those things conspired to make that just the right thing and the right time for us. And we feel incredibly comfortable about the what the balance sheet looks like, what the neighborhood of the opportunities are.

You can imagine when you got that much cash on your balance sheet, you're going to see every opportunity that's out there. So we don't think we're missing any. And we think it's just the right decision for this time.

We're still going to be acquisitive, but we'll also -- we need to be smart about what it is that we're adding to the portfolio, which we think is unique and of tremendous value".