An entity that works
We combine the advantages of the subsidiaries, such as flexibility, a personal approach and efficiency with AddLife’s aggregate resources, networks and industrial expertise. In this way the Group can optimise long-term growth and profitability. Our decentralised corporate structure also entails less dependence on individual customers and suppliers.
The subsidiaries are responsible for their own business dealings
The AddLife Group consists of the Parent Company, AddLife AB, and 43 operating subsidiaries. The Parent Company contributes by providing financial stability, resources and tools designed to make it easier and more efficient for our subsidiaries to run their businesses. Examples include the business school – AddLife Academy – that all of our employees attend.
Labtech and Medtech are our two business areas. Within them, the subsidiaries combine their entrepreneurial business acumen with individual accountability. Our decentralised organisation and entrepreneurial culture are key competitive advantages for the AddLife Group. Each subsidiary has its own CEO who is fully responsible for their business within the stipulated frameworks and requirements which the Parent Company places on the operation. The basic requirements of the Parent Company are that subsidiaries must achieve growth, demonstrate profitability and pursue sustainable development. The Parent Company governs the subsidiaries by actively working on the Board of Directors to ensure that they achieve the Group’s financial targets regarding profit growth and profitability.
Independent distributor with many collaborative efforts
AddLife’s subsidiaries collaborate with several strategic suppliers. Our aim is to establish close collaboration with leading global suppliers within our niche areas in all countries. Over the years we have developed long-term relationships and partnerships that have enabled us to achieve leading market positions in certain market niches. As an independent participant and distributor, we can offer customised solutions that can be a combination of products from several of AddLife’s more than 1,400 suppliers.
Market leader in selected niches
Overall, AddLife has captured a small market share of the large and relatively fragmented Nordic Life Science market. We are active in several attractive niches in various product segments and have established stable and growing sales in these areas. We are currently the market leader in several specific niches in biomedical research and laboratory analysis, diagnostics such as blood gas analysis, and medical technology, such as ear, nose and throat.
Customers can be found in our operating subsidiaries
AddLife does not have any customer relationships of its own, since all customer contacts and business relationships with customers take place in our 43 operating subsidiaries. Our customers, which can be found in both the private and public sectors, are primarily hospitals, laboratories within the healthcare system, research, colleges, universities and the food and pharmaceutical industries. The absolute majority can be found in the public sector, where sales take place through public procurement.