Ardian-based Ionisos acquires Scandinavian Clinics Estonia

Ionisos, which is backed by Ardian, has acquired Scandinavian Clinics Estonia, a Baltic provider of sterilization solutions. No financial terms were disclosed.

PRESS RELEASE

Dagneux (Rhône-Alpes Auvergne) – 9 October 2017 – Ionisos, the leading provider of cold sterilisation services in France and Spain, today announces the acquisition of Scandinavian Clinics Estonia, a specialist in sterilisation solutions.

Established in 2007 and based in Harju County, Estonia, Scandinavian Clinics Estonia is the leading Baltic specialist in gamma ray sterilisation. Through this acquisition, Ionisos will strengthen its presence in the gamma sector and expand its reach in Eastern and Northern Europe. It will now operate in countries such as Norway, Sweden, Finland, Poland, as well as the Baltic States.

Michel Gominet, CEO of Ionisos, said: “This acquisition is fully in line with our growth strategy and strengthens our presence in Europe, as well as our expertise in the field of gamma-ray sterilisation.”

“Ionisos now has a broad geographical reach, including in Spain, France, Germany and the Baltic States. This allows it to service a large area within Europe,” adds Christoph Herkens, Managing Director of Ionisos.
François Jerphagnon, Head of the Ardian Expansion team, adds: “This is the fourth external growth operation carried out by Ionisos since we acquired a majority stake in July 2016. It is the perfect illustration of Ardian Expansion’s ability to put its expertise and international network to work in order to take advantage of the best acquisition opportunities. Working closely with management, we will continue to accelerate the company’s development by combining organic growth and acquisitions.”

ABOUT IONISOS
Ionisos is a French company founded in 1993, which manages nine plants in France, Spain, Germany and now Estonia. Ionisos is a specialist in ionising cold sterilisation using ionisation and ethylene oxide for the medical sector, pharmaceutical products, cosmetics and food packaging. The company is also active in the cross-linking of various products used in industry, particularly the automotive industry. www.ionisos.fr

SCANDINAVIAN CLINICS ESTONIA / IONISOS BALTICS
Created in 2007 and based in Harju County in Estonia, near Tallinn, Scandinavian Clinics Estonia is the leader among Baltic States in gamma-ray sterilisation. The treatment is performed using a gamma irradiator that functions with containers of 0.6 usable cubic metres. The installed capacity allows the company to meet sterilisation needs in Northern Europe (Norway, Sweden, Finland, Poland and the Baltic states).
Scandinavian Clinics Estonia will now be called IONISOS Baltics.

ABOUT ARDIAN
Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$65bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.

Ardian maintains a truly global network, with more than 470 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey, Luxembourg. The company offers its 610 investors a diversified choice of funds covering the full range of asset classes, including Ardian Funds of Funds (primary, early secondary and secondary), Ardian Private Debt, Ardian Buyout (including Ardian Mid Cap Buyout Europe & North America, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and Ardian Mandates. www.ardian.com