RSM | Financial Due Diligence
Osborne Clarke | Legal Advisory Corporate M&A
Bureau Brandeis | Legal Advisory Corporate M&A
Date announced
2021-06-23
Data Room provider
Virtual Vaults
Story:
Preventx Limited, a UK-based laboratory providing integrated testing services through contracts with local authorities and the National Health Service (NHS), has acquired Soapoli-online (SPO), a Dutch provider of online STD test provider. SPO offers a range of lab tests through its online store. With this acquisition, Preventx intends to support the further growth of SPO in the Dutch market and continental Europe.
The two companies are leaders in their respective domestic markets, where significant growth opportunities exist, and together will form the cornerstone of Preventx's expansion into adjacent European markets. The combination of local market knowledge gained with Preventx's leading technology platform and experience providing Europe's largest remote testing service of its kind in London will create a high degree of synergy. The acquisition follows the recent expansion of Preventx's specialist laboratory testing facility in Sheffield as adoption of online-led sexual health services continues to grow
Comments