Author Topic: Scitec - Recent Ascendis Health acquisition  (Read 3605 times)

Moonraker

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Scitec - Recent Ascendis Health acquisition
« on: January 24, 2017, 04:40:19 pm »
Scitec - a recent Ascendis Health acquisition. http://www.scitecnutrition.com/en
Scitec is one of the top three leading sports nutrition brands across Europe and is well established in key global markets.
The business was acquired for €170 million, with a payment of €20 million deferred for one year. Scitec owns a modern
manufacturing plant where the company produces close to 300 products for functional fitness, strength training and well-
being. The acquisition provides a platform for international expansion in the sports nutrition and wellness sectors, while
accelerating offshore opportunities for Ascendis sports nutrition brands Evox, Supashape and SSN. Scitec generated profit after
tax of €10.6 million for the year ended December 2015 (before any add-backs).


Check out the video I circled. (Control yourselves).  8)