M&A Deal Summary

Danaher Acquires PaloDEx Group Oy

On November 12, 2009, Danaher acquired medical products company PaloDEx Group Oy from EQT and Altor Equity Partners for 276M EUR

Acquisition Highlights
  • This is Danaher’s 4th transaction in the Medical Products sector.
  • This is Danaher’s 18th largest (disclosed) transaction.
  • This is Danaher’s 1st transaction in Finland.

M&A Deal Summary

Date 2009-11-12
Target PaloDEx Group Oy
Sector Medical Products
Buyer(s) Danaher
Sellers(s) EQT
Altor Equity Partners
Deal Type Add-on Acquisition
Deal Value 276M EUR

Target

PaloDEx Group Oy

Tuusula, Finland
PaloDEx is a leading manufacturer of analogue and digital dental imaging equipment, both for extra-oral (?panoramic?) and intra-oral (?single tooth?) applications. It also produces computed radiography ?CR? systems for indirect digital image capture and supplies image management software. The company has approximately 360 employees and is headquartered in Tuusula, Finland

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Buyer(S) 1

Buyer

Danaher

Washington, District of Columbia, United States

Category Company
Founded 1969
Sector Diversified
Employees61,000
Revenue 23.9B USD (2024)
DESCRIPTION

Danaher designs, manufactures and markets professional, medical, industrial and commercial products and services. Danaher's research and development, manufacturing, sales, distribution, service and administrative facilities are located in more than 50 countries. Danaher's business consists of five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental; and Industrial Technologies. Danaher was incorporated in 1969 and is based in Washington, District of Columbia.


DEAL STATS #
Overall 22 of 43
Sector: Medical Products M&A 4 of 8
Type: Add-on Acquisition M&A Deals 19 of 39
Country: Finland M&A 1 of 1
Year: 2009 M&A 2 of 2
Size (of disclosed) 18 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-02 AB Sciex

Framingham, Massachusetts, United States

SCIEX is a producer of capillary electrophoresis and liquid chromatography-mass spectrometers to aid in basic research, drug discovery and development, food and environmental testing, forensics and clinical research. SCIEX is based in Framingham, Massachusetts.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-01 Molecular Devices

Sunnyvale, California, United States

Molecular Devices LLC provides bioanalytical instruments, software, and assay kits for drug discovery & drug development, life science research, and bioassay/test development. Our global headquarters are located in the Silicon Valley area of Northern California. We also have a number of offices throughout the world.

Buy -

Seller(S) 2

SELLER

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 36 of 194
Sector: Medical Products M&A 2 of 12
Type: Add-on Acquisition M&A Deals 17 of 76
Country: Finland M&A 6 of 14
Year: 2009 M&A 2 of 2
Size (of disclosed) 36 of 44
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-01 Skykon AS

Arhus, Denmark

Skykon is a Danish supplier to the wind energy industry. Skykon has two business platforms; Tower Solutions and Blade Components, manufacturing towers as well as blade tooling and composite components for blades.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-30 HTL-Strefa

Ozorkow, Poland

HTL-Strefa a company of MTD Medical Technology and Devices , is a medical device company that develops manufactures and sells safety lancets, personal lancets, and pen needles for insulin injection. Our modern manufacturing process and nearly 20 years of experience on the global market allows us to successfully ensure safety and convenience. We employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new solutions to meet the changing needs of both patients and health care professionals. HTL-Strefawas founded in 1995 and is based in Ozorkow, Poland.

Buy -
SELLER

Altor Equity Partners

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 8.3B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Altor Equity Partners is a private equity firm that looks to principally invest in medium-sized Nordic based companies across a broad range of industries. Altor typically seeks control positions when investing. Prospective companies generally have revenues of €50 to €500 million. Broad areas of interest include healthcare services, electronics, technology, financial services, business services, niche manufacturing, capital equipment, software, marine, consumer products, and communications. Altor Equity Partners was formed in 2003 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 4 of 55
Sector: Medical Products M&A 1 of 4
Type: Add-on Acquisition M&A Deals 3 of 26
Country: Finland M&A 1 of 2
Year: 2009 M&A 1 of 2
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-25 Sonion

Roskilde, Denmark

Sonion is a development, manufacturing, and sale of advanced micro acoustical and micromechanical components and solutions. The company is a B2B provider for global manufacturers of hearing instruments, mobile handsets, headsets, earphones, and medical devices. Sonion was formed in 1974 and is based in Roskilde, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-19 Vatus Medical AB

Solna, Sweden

Vatus focuses on direct sourcing of medical supplies from the Far East, to enable lower cost for the end customers.

Sell -