Arjo not extending distribution agreement for Provizio® SEM scanner – no impact to the Group’s 2024 outlook
Arjo has decided not to extend the distribution agreement for Bruin Biometrics’ Provizio SEM scanner. The reason is that the parties are too far apart in terms of expected commercial development. Arjo’s outlook of 3-5% organic net sales growth for 2024 stands firm. The exclusive distribution agreement of 4+2 years was part of a deal that Arjo and Bruin Biometrics (BBI) made in 2020. For some time, the companies have negotiated about the extension of the agreement but since the parties are too far apart in i.e. expectations on commercial development, the decision has been made to cancel