Acquisitions

We develop your company through active ownership

AddLife is always looking for new Life Science companies that can bolster the Company’s existing operations or contribute with new product or market segments where the conditions are right for taking leading niche positions. Growth through acquisition is an important and central component of business and organisational growth and necessary to achieve the Company’s financial target for long-term earnings growth.

Acquisitions for development

AddLife acquires companies in order to maintain and further develop them in the long term. The new companies, many of which are often managed by their founders and entrepreneurs, contribute with a presence in new market segments, complementary suppliers and skilled employees with a strong entrepreneurial spirit.

For many founders who want to sell their company, AddLife offers an attractive option since the Company’s decentralised business model means that the companies continue to operate independently within the frame of AddLife’s management.

Long history of acquisitions

AddLife has a long history of acquisitions of companies and has developed a clear and successful process for integrating and developing acquired companies

The road to a successful acquisition for both buyers and sellers may well take several years, which minimises risk and improves the prospects of a satisfactory outcome for both the parties and the key employees. In each acquisition process the company is evaluated according to a series of acquisition criteria that, when met, provide a solid foundation for further development within AddLife. Subsidiaries, which as a rule are wholly-owned, usually continue operations under their own brand, but are grafted to AddLife’s corporate culture and financial governance model.

AddLife’s governance model is implemented in the new subsidiary in conjunction with the acquisition. A new Board of Directors is appointed for the company, while corporate governance and operational management change to be brought into line with AddLife’s models and tools.

Getting people to live at home longer is the goal

Kurt Kristoffersen, CEO Hepro Norge

AddLife acquired us in February 2017. The integration has gone very smoothly and AddLife has lived up to what they said to us during the acquisition process. In my experience, we have freedom with responsibility and the Parent Company has a long-term perspective regarding our business. We now have stronger muscles, new partners and opportunities to enter new markets. I strongly believe that together with AddLife and the other Medtech companies we will continue on this successful path.

 

AddLife´s Acquisitions since listing

Acquisitions Country Time Net Sales, SEKm No of employees Business Area
Ossano Scandinavia AB Sweden February, 2018 22 5 Medtech
Krabat AS Norge July, 2017 30 13 Medtech
Hepro AS Norge March, 2017 165 40 Medtech
TM Techno Medica AB Sweden January, 2017 30 5 Medtech
Biolin Scientific AB Sweden December, 2016 100 68 Labtech
Svan Care AB Sweden October, 2016 35 13 Medtech
V-Tech AB and Esthe-Tech AB, Sweden April, 2016 50 11 Medtech

Acquisitions

Sales of analytical instruments and services for surface science research and development in academia and industry

Geographical market: World Wide

Segment: Advanced material development in academia and industry

Customer examples: P&G, IBM, Apple, BASF, Stanford University, Harvard University, Peking University

Amount of employees: 60

Sales of special products for aesthetic and plastic surgery

Geographical market: Sweden, Norway and Denmark

Segment: Specialised medical care

Customer examples: Authorized customers in private healthcare.

Amount of employees: 2

Develops, designs and markets assistive equipment in home healthcare

Geographical market: Sweden and Norway

Segment: Home care products and welfare technology

Customer examples: Public sector and private healthcare, some sales directly to the end consumer

Amount of employees: 40

Krabat develops, manufactures and markets high quality aids for children and youths. Krabat’s products are innovative, functional and esthetically attractive

Geographical market: Europe

Segment: Technical aids for children and youths

Customer examples: NAV (Norwegian Labour and Welfare Administration)

Amount of employees: 13

Products for the operating theatre – patient positioning, patient support and surgery equipment

Geographical market: Sweden, Norway and Denmark

Segment: Specialized medical care - Surgery

Customer examples: Public Healthcare

Amount of employees: 6

Develops, designs and markets assistive equipment in home healthcare

Geographical market: Sweden and Norway

Segment: Bathroom products

Customer examples: Municipal home care and county councils

Amount of employees: 12

Sale of products for surgery, specialising in vascular surgery

Geographical market: Sweden, Norway and Finland

Segment: Specialised medical care, surgery

Customer examples: Public health care

Amount of employees: 9

Contact us!

Born in: 1965

Management start year: 2015

Education: M.Sc. Econ.

Professional experience: CFO Addtech AB (publ), Finance Director Ericsson AB, CFO Netwise, CFO Frontec, Business controller Spendrups and Auditor Arthur Andersen

Significant appointments: Director for SERNEKE Group AB and Nordic Waterproofing Holding A/S

Lars-Erik RydellBusiness Area Manager+46 70 946 48 77 lars-erik.rydell@add.life

Born in: 1955

Management start year: 2017

Professional experience: CEO in Mediplast AB, Sales Manager Althin Medical AB, Area Manager Gambro AB

Peter SimonsbackaBusiness Area Manager+46 70 287 00 87 peter.simonsbacka@add.life

Born in: 1960

Management start year: 2017

Professional experience: Business area manager in Addtech Nordic AB, CEO BergmanLabora AB and Business area manager at Mettler-Toledo AB

Significant appointments: Charirman of the Board for Swedish Labtech