M&A Deal Summary

TFS International Acquires Appletree CI Group

On January 23, 2023, TFS International acquired business services company Appletree CI Group

Acquisition Highlights
  • This is TFS International’s 1st transaction in the Business Services sector.
  • This is TFS International’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2023-01-23
Target Appletree CI Group
Sector Business Services
Buyer(s) TFS International
Deal Type Add-on Acquisition

Target

Appletree CI Group

Winterthur, Switzerland
Appletree CI Group is an expert niche CRO and global regulatory affairs service provider with track records in ophthalmology and medical device investigations. Appletree CI Group is based in Winterthur, Switzerland.

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Buyer(S) 1

Buyer

TFS International

Lund, Sweden

Category Company
Founded 1996
Sector Life Science
Employees750
Revenue 49M EUR (2015)
DESCRIPTION

TFS International is a contract research organization (CRO) that supports pharmaceutical companies throughout the clinical development process. TFS focuses its scientific and medical expertise through a broad spectrum of industry-leading experts in dermatology, oncology, and hematology. TFS International was established in 1996 and is based in Lund, Sweden.


DEAL STATS #
Overall 6 of 6
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
Country: Switzerland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 SCIderm

Hamburg, Germany

SCIderm GmbH is a specialized CRO in dermatology. SCIderm provides a unique range of services and offers execution of dermatology trials, quality-tested study sites and process coordination with the SCIderm in-house clinic. SCIderm is providing access to opinion leaders and 350 investigational sites in Europe and North America to meet any trial requirement need in dermatology.

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