The sale of Orion Diagnostica Oy by Orion Corporation has been completed. The new owner of Orion Diagnostica is an investment fund managed by Axcel Management A/S, a leading Nordic private equity investment company. On 21 April 2018, Orion signed an agreement on the sale of all shares in Orion Diagnostica Oy to an investment fund managed by Axcel Management A/S and the transaction was completed on 30 April 2018.
"Together with Orion Diagnostica's management and employees, we intend to further develop the company into an even stronger operator in the global diagnostics market. On the back of an attractive customer proposition and a strong market position, we see great opportunity to grow Orion Diagnostica further both geographically and by expanding its product offering", says Thomas Blomqvist, Partner at Axcel.
"We are a strongly international company in a market characterised by increasing demand. The change in our ownership structure will enable us to grow more extensively in terms of geography, and it will also ensure our ability to renew our QuikRead product family," says Kaisa Tarkkanen, President of Orion Diagnostica. See her comments on the transaction and greetings to our customers:
Link to Orion Corporation press release: https://www.orion.fi/en/Orion-group/investors/orion-to-sell-its-orion-diagnostica-division/