Info Deal : Physitek Devices
News : transaction services
Physitek Devices acquires German counterpart Analyticon - Servantech and ACA Nexia performs financial due diligence with a member of Nexia network in Germany.
Physitek Devices, manufacturer and distributor of portable instruments for niche markets (building, materials control, security, laboratory …), makes its first international acquisition by taking over two sister entities, Analyticon and Servantech, based in Germany. .
Analyticon is a major distributor of measuring instruments in the field of safety, recycling and industrial control. Servantech offers training to users of these devices. The two acquired companies, which address not only Germany, but also Austria and Switzerland, have a turnover of more than € 10 million.
Eric Van Balinghem, President of Physitek Devices, emphasizes: ““Analyticon and Servantech are a perfect complement to Physitek Devices both geographically and in terms of market segments. Both companies are masters of similar technologies and share the same quality requirement and the same values ”“.
This structuring acquisition allows Physitek Devices to become the European leader in portable instrumentation in its niche market with a turnover of € 25 million and a workforce of 80 people.
““With this acquisition, Physitek Devices is expanding its geographic coverage and product line,”“ said Pauline Eloy, Investment Manager at InnovaFonds. Both companies have a lot to learn from each other about both product innovation and business organization. “”
Positioned in very dynamic market niches, Physitek Devices has experienced sustained organic growth over the past three years with sales increasing from € 11 million to € 15 million. The evolution of its business model towards the rental of devices and the launch of an innovative range of analyzers have enabled it to consolidate its leading position. As the majority shareholder of Physitek Devices since 2017, InnovaFonds actively supports the group in its expansion strategy and in strengthening its organization.
New external growth operations are already planned to complete the group’s European network.
• Purchaser or Investor PHYSITEK DEVICES (EX FONDIS BIORITECH), Eric Vanbalinghem, INNOVAFONDS, Pauline Eloy, Cyril Chaumien
• Acquirer Corporate Lawyer – Tax Structuring BG2V, Roland Guény, SKW SCHWARZ
• Ack. DD Legal and Tax EBNER STOLZ MONNING BACHEM, ACA NEXIA, Hervé Teran
• Ack. DD Financière EBNER STOLZ MONNING BACHEM, ACA NEXIA, Herve Teran
• Dette BNP PARIBAS (FINANCING), Dorian Gerard, Enoline Marchadier, LCL, Yannick Simonnet, Julien Mognot, CREDIT AGRICOLE ILE DE FRANCE (CADIF)
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