Author Topic: Scitec - Recent Ascendis Health acquisition  (Read 1952 times)


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Scitec - Recent Ascendis Health acquisition
« on: January 24, 2017, 04:40:19 pm »
Scitec - a recent Ascendis Health acquisition.
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)