Essity acquires 75% of the medical solutions company ABIGO Medical AB
Hygiene and health company Essity has signed an agreement to acquire 75% of the Swedish medical solutions company ABIGO Medical AB. The company as a whole is valued at SEK 900m on a debt-free basis. ABIGO Medical AB develops, manufactures and markets products including the Sorbact[® ]technology, which is a clinically established innovation for advanced wound care. Jan G. Smith will retain a 25% stake in the company and remain as chairman of the board.ABIGO Medical AB is a Swedish company with its head office in Gothenburg, Sweden, and was founded in 1989 by the brothers Jan G and Leif Smith.