Addlife acquires Bio-Connect
| Target | Bio-Connect |
| Advisory sell side | JB Law | Legal Advisory Corporate M&A FBM Corporate Finance | M&A Advisory |
| Buyer | Addlife |
| Advisory buy side | KPMG | Financial Due Diligence deBreij | Legal Advisory Corporate M&A |
| Date announced | 2021-09-01 |
| Data Room provider | Virtual Vaults |
Story:
Addlife, a Swedish medical technology company operating in Europe, has acquired Bio-Connect. Bio-Connect is a Dutch distributor with offices in life sciences and diagnostics in the Benelux. The goal behind Addlife's acquisition is to expand its European activities in the field of laboratory technology.
Bio-Connect has a turnover of around €14 million and has 31 employees in Huissen (Netherlands) and Brussels (Belgium). The company has its own sales force in both countries.