AddLife acquires Healthcare 21 Group, an Irish company with sales of around SEK 1.7 billion
AddLife is continuing its expansion in Europe by acquiring Healthcare 21 Group (HC21), a leading independent Life Science distributor with operations in Ireland and the UK. HC21 has sales of approximately EUR 171 million and around 450 employees. The initial purchase price totals EUR 240 million, of which 74 percent is being paid in cash and 26 percent is being paid using newly issued class B shares. An additional consideration of a maximum of EUR 5 million may also become payable. The acquisition has taken place today on 12 April, 2021. The acquisition of HC21 is a strategic milestone