Swedish medtech company AddLife has acquired V-Tech AB and Esthe-Tech AB.
V-Tech markets and sells a product range focusing on surgery, in particular on vascular surgery. It also represents several leading suppliers in its speciality area. Its customers operate mainly in public healthcare in Sweden, Norway and Finland. Esthe-Tech markets and sells specialist products for aesthetic and plastic surgery, its product range is marketed primarily to authorised practitioners in private healthcare. The two companies have 11 employees and combined sales of around SEK 50 million.
The acquisitions represent an expansion above all in the area of vascular surgery, strengthening AddLife’s position in an attractive segment of the Nordic market.
Ownership will become effective on 1 April 2016. The acquisitions are expected to have a marginally positive effect on AddLife’s earnings per share.