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Trimb Healthcare AB (“Trimb”) today announced that it has signed an agreement to acquire YouMedical Group BV (“YouMedical”), a Dutch OTC company with operations in key European markets. YouMedical has total annual sales of approximately EUR 16 million, with solid growth and leading brands in niche categories.
“Our ambition is to build a leading international OTC company, and this acquisition represents an important step toward that goal. YouMedical gives us a stronger North European OTC platform, from which we intend to roll out our pipeline and pursue other strategic acquisitions. In addition to strengthening our geographic marketing platform, YouMedical enhances our regulatory and development capabilities. We are delighted to welcome the YouMedical team and look forward to growing our businesses together,” said Magnus Kamryd, CEO of Trimb.
In July 2015, Trimb partnered with Avista Capital Partners, a leading private equity firm. Avista, HealthCap and other Trimb shareholders have fully underwritten the acquisition of YouMedical. The transaction is expected to close during September.