Press Contact
Maria Montgomerie
Manager Corporate Communications
+46 8 587 919 28, +46 70 64 919 28
maria.montgomerie @industrifonden.se
Stockholm, 12 January 2010
Envirotainer sold to AAC Capital Partners
AAC Capital Partners ("AAC"), a leading Northern European mid-market buy-out firm, has acquired a majority stake in Envirotainer, the world leader in temperature controlled logistics for the pharmaceutical industry from Industrifonden and a number of private investors. Envirotainer's management team will be investing alongside AAC.
Envirotainer designs, manufactures and rents specialist air cargo containers for the transportation of temperature sensitive pharmaceuticals. Headquartered in Lagga, Sweden, the business has grown substantially to form a strong worldwide presence since it was first established in 1984.
Today the business covers all the major trade routes for biological pharmaceuticals, with service hubs in 26 countries.
With business sales of SEK 330 million (€31.5 million) in 2009, Envirotainer has a substantial market share and benefits from a number of unique characteristics. Crucially, it is the only player to offer single trip container rentals on a global scale, thanks to its substantial fleet of 3000 containers and worldwide service network.
Further, the company is unique in its capability to work closely with the pharmaceutical companies in their transport qualification process thanks to its highly qualified sales team with pharmaceutical backgrounds.
Commenting on the acquisition, David Holm-Ovren, partner at AAC Capital Partners in the Nordics, said:
"Led by an expert management team, Envirotainer has established itself as the clear market leader in a high growth sector. We see significant growth in the biological pharmaceuticals industry and believe that there is a concurrent growing need for temperature controlled transport. With its unrivalled global network and superb sales team, Envirotainer can sustain long-term growth."
Anders Eklund, investment director at Industrifonden, said:
"For Industrifonden, this investment is doubly satisfying. For five years, we have played a leading role in refinancing and building the company together with its board of directors and management and, in addition, have earned a nice profit. With AAC Capital Partners as an owner, the company has the opportunity to continue its development and international expansion."
Thomas Persson, CEO of Envirotainer, said: "We look forward to working with AAC to maximise growth. There is a significant opportunity to build the business in the next few years and we are delighted to partner with AAC's expertise to help us deliver it."