Fenno Medical Oy was acquired by Addtech AB`s subsidiary Mediplast AB

Fenno Medical Oy was acquired by Addtech AB`s subsidiary Mediplast AB

Fenno Medical is a leading medtech actor in the Finnish market, marketing a broad range of medical equipment and consumables from world-leading suppliers. The acquisition entails strategic expansion for Mediplast in the Finnish market, boosting Mediplast’s and thus Addtech Life Science’s position as a leading Nordic medtech supplier. Fenno Medical has around 35 employees and sales of approximately EUR 20 million.

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Seller: 
Management and private individuals
Industry: 
MedTech supplier
Buyer: 
Mediplast AB / Addtech AB
Industry: 
MedTech supplier

The acquisition entails strategic expansion in the Finnish market, boosting Mediplast’s and thus Addtech Life Science’s position as a leading Nordic medtech supplier. The acquisition will take effect immediately and is expected to have a marginally positive effect on Addtech’s earnings per share during the current year.

ProMan/IMAP Finland advised the Seller`s during the whole transaction process.

Stockholm, 1 July, 2015
 
Addtech AB (publ)
 
For further information please contact
Johan Sjö, CEO, Addtech AB, +46 8 470 49 00
Artur Aira, Business Area Manager Addtech Life Science, +46 709 50 00 90
Lars-Erik Rydell, CEO Mediplast AB, +46 709 46 48 77
Jan Holmberg, CEO Fenno Medical Oy, +358 400 486 715