Benchmark International is pleased to announce the acquisition of County Kildare-based Labplan by Swedish-based ADDvise.
Labplan is a leading distributor of life science and analytical laboratory instruments, specialising in consulting sales, commissioning, product training, technical support, preventative maintenance, and breakdown repair services. The company serves large multi-national pharma companies as well as government-backed research institutions in Ireland and Northern Ireland.
Labplan’s revenue for the last twelve months per October 31, 2023, amounted to EUR 16.9 million, with an adjusted EBITDA of EUR 3.9 million.
Listed on Nasdaq First North Premier, ADDvise is a leading supplier of equipment and services to healthcare and research facilities. The company’s growth is driven largely by an acquisition strategy following geographic and product vectors.
The acquisition will be consummated at an initial cash consideration of EUR 13.3 million, and performance-based payments expected to amount to EUR 7.2 million in aggregate over a two-year period.
Sam McNamee, Director at Benchmark International said: “This is a perfect opportunity for ADDvise to not just grow through acquisition, but also to expand into the Irish market via a company that has very attractive qualities. We are excited to see the positive impact this acquisition will have on these two companies and wish all the best to both parties going forward.”
This is the third deal conducted via Benchmark International for ADDvise, following the acquisitions of Southern Life Systems, Inc and Poly Pharmaceuticals, Inc.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $10 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.