Janney Montgomery Scott Served as Exclusive Financial Advisor to Harvard Biosciences on its Purchase of Data Sciences International

Harvard Bioscience, Inc. (NASDAQ: HBIO) (the "Company"), a global developer, manufacturer and marketer of a broad range of solutions to advance life science, has completed the acquisition of Data Sciences International, Inc. ("DSI"). 
"This is a momentous day for Harvard Bioscience," said Jeffrey A. Duchemin, the Company's President and Chief Executive Officer, on January 22, 2018 when the transactions were previously announced.  "Our entire organization has worked tirelessly over the last three years to build a foundation to be able to acquire and integrate a company like DSI."
 
The aggregate consideration payable by the Company in connection with the transaction is approximately $70 million.
 
Simultaneous to the acquisition of DSI, the Company entered into a credit facility with Cerberus Business Finance, LLC, as administrative agent and collateral agent for the lenders (the "Credit Facility").  The Credit Facility is comprised of a $64 million term loan and a $25 million revolving line of credit, of which approximately $4.8 million was drawn at closing. 
 
"This is a momentous day for Harvard Bioscience," said Jeffrey A. Duchemin, the Company's President and Chief Executive Officer, on January 22, 2018 when the transactions were previously announced.  "Our entire organization has worked tirelessly over the last three years to build a foundation to be able to acquire and integrate a company like DSI."
 
Janney Montgomery Scott LLC served as exclusive financial advisor to Harvard Bioscience.
 

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James R. McNaughton

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