Scitec - a recent Ascendis Health acquisition.
http://www.scitecnutrition.com/enScitec 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).
