AddLife acquires Lab-Vent Controls A/S and Koldt & Ryø El A/S
Today AddLife signed an agreement for the acquisition of all shares in the Danish companies Lab-Vent Controls A/S and Koldt & Ryø El A/S. The companies are leaders on the Danish market in ventilation solutions for laboratories and cleanrooms. The acquisitions are complement to AddLife’s operations in the Danish market within the Labtech business area.
The companies have successfully established themselves as leading providers in the Danish market in specialised ventilation solutions for laboratories and cleanrooms where high demands are placed on air flow control and monitoring. The companies provide solutions based on innovative proprietary products and technical know-how and service. The companies are complement to AddLife´s operations in the company Holm & Halby, currently a leading laboratory equipment provider specialist in cleanrooms on the Danish market.
The companies typical end customers include the pharmaceutical industry and academic research institutions.
- The acquisitions means that we more clearly establish AddLife as a complete supplier of advanced solutions in cleanroom technology in the Danish market, says Peter Simonsbacka, Business Area Manager Labtech, AddLife AB
The company currently has 20 employees and sales of DKK 36 million, on the Danish market.
The deal will close on 15 August 2019. The acquisitions are expected to have a marginally favourable impact on AddLife’s earnings per share during the current financial year.
Stockholm 13 August 2019
AddLife AB (publ.)
For further information, please contact
Kristina Willgård, CEO, AddLife AB, +46 705 10 12 23
Peter Simonsbacka, Business Area Manager, Labtech, AddLife AB, +46 702 87 00 87
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 and the rest of Europe. AddLife has approximately 900 employees in about 40 operating subsidiaries that operate under their own brands. The Group has net sales of around SEK 3.0 billion. AddLife shares are listed on NASDAQ Stockholm.
This information was issued for publication on 13 August 2019 at 15:30 (CET).