AddLife acquires Svan Care AB
Today, AddLife signed an agreement to acquire all the shares in the company Svan Care AB
The company will be incorporated into the Medtech Business Area.
Svan Care develops, designs and markets assistive equipment in home care. Svan Care has successfully established itself in the premium segment of bathroom products designed to facilitate everyday life for people with disabilities. Customers can primarily be found in municipal home care and county councils in Sweden and Norway. The company has 13 employees and sales of about SEK 35 million.
The acquisition represents an expansion in the area of home care, an extremely interesting and growing market segment.
Ownership will become effective on 3 October 2016. The acquisition is expected to have a marginally positive effect on AddLife’s earnings per share.
Stockholm, 3 October 2016
AddLife AB (publ.)
For further information, please contact
Kristina Willgård, CEO, AddLife AB, +46-705 10 12 23
Artur Aira, COO, AddLife AB, +46 709 50 00 90
AddLife is an independent player in Life Science that offers high-quality products, services and advice to both the private and public sector, mainly in the Nordic region. AddLife has about 450 employees in some 25 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 1.7 billion. AddLife shares are listed on NASDAQ Stockholm.
This information is information that AddLife AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:00 CET on 3 October 2016.