ADDvise Group

About ADDvise Group

About ADDvise

 

ADDvise is an international life science group. Operating a decentralised ownership model, we develop and acquire high quality companies within the business areas Lab and Healthcare. The Group comprises more than 20 companies and generates annual revenues of close to SEK 2 billion. ADDvise is listed on Nasdaq First North Premier Growth Market.

 

ADDvise Group

Business Concept

ADDvise aim to extend, improve and save people’s lives by developing and providing products and services for healthcare and research.

Our business units
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Core values

 

ADDvise’s core values are the basis for all our operations. It is an important starting point for strategic planning and how we work. Our core values are based on the three words; business acumen, decentralized and quality. These are perspectives and attitudes that should permeate how we act internally and externally. It describes and clarifies what is particularly important for us to carry out our mission in the best way and achieve our goals.

 

 

Business Acumen

We make decisions on a commercial basis for the benefit of the business as a whole. We invest wisely and cost-effectively which creates an excellent foundation for achieving our goals.

 

 

Decentralized

We work with a decentralized business model and a strong entrepreneurial spirit. Our subsidiaries’ daily operations and decisions are made locally, close to our customers, suppliers and employees.

 

 

Quality

We strive to ensure good quality in our work. This creates a competitive business with products and services that provide the conditions to improve, extend and save people’s lives.

Acquisition strategy

 

Acquisitions are one of the most important components for ADDvise Group’s growth. The Group’s acquisition strategy aims to drive growth and diversification, both geographically and product wise, within the life science sector. Our acquisition strategy combined with an effective integration process of acquired companies, has led to this increased growth. Since our first acquisition in 2010, our revenue has increased from SEK 22.3 million in 2010 to SEK 1091 million revenue PF 2022/PF TTM Q3 960 MSEK. ADDvise shares are listed on Nasdaq First North Premier.

 

ADDvise is a long-term owner that operates a decentralized business model; our focus is to maintain the local entrepreneurial spirit within our acquired companies. Our acquired companies retain their names and continue to operate independently within the framework of ADDvise’s corporate governance. We believe it contributes to a greater degree of flexibility that enables important business decisions and product development to take place closest to the business and its customers. Companies, when part of the Group, are offered central support functions and guidance in high-level strategic decisions.

 

Potential acquisitions are identified and assessed using the following selection criteria:

  • Financial assessment: The company should be stable and show a positive historical development. Their cash flow should be strong and have sales between SEK 50 – 500 million.
  • Market assessment: The company should be active in a relatively mature industry. The company is also assessed based on its geographical footprint and product diversification, in relation to ADDvise Group’s existing operations and geographical presence.