Business
Stille has entered into an agreement to acquire Surgical Holdings
Stille has entered into an agreement to acquire Surgical
About this update from Stille Ab
[{"type":"text","content":"Stille AB (publ) (“Stille”) has entered into an agreement to acquire all shares outstanding in Surgical Holdings (“Surgical Holdings”) for a consideration of approximately GBP 7.7 million (corresponding to SEK 100 million) on a cash and debt-free basis. Through the acquisition, Stille continues its strategic expansion, further strengthening its geographic reach, product- and service offering. For the financial year ending April 2025, Surgical Holdings reported preliminary sales of GBP 6.4 million and adjusted EBITDA of approximately GBP 1.0 million. The acquisition is conditional upon customary closing conditions, including regular approvals of change of control provisions, and is expected to close during Q3 2025.Background to Surgical HoldingsSurgical Holdings is a UK-based family-owned company specialising in the development, distribution and repair of high-quality surgical instruments. Founded in 1988, the company has established a strong market position in the UK and select international markets through close partnerships with the NHS and by providing high quality products and services. Its offering includes instruments for general surgery and orthopaedics, as well as specialised repair service for surgical instruments, rigid endoscopes and orthopaedic power tools. Surgical Holdings has demonstrated consistent revenue growth and strong profitability in recent years.Strengthening Stille’s position in the strategically important UK marketThe acquisition is closely aligned with Stille’s growth strategy and vision to become a global leader in surgical instruments for selected clinical niches. Through the addition of Surgical Holdings, Stille will broaden its offering and significantly strengthen its position in the UK – one of the largest markets for surgical instruments in the world. The transaction brings complementary capabilities, including a direct sales team covering the entire UK, supported by a specialised repair and service organisation that will support future growth for the entire Stille Group.“We are excited to welcome Surgical Holdings into the Stille Group. This acquisition further strengthens our position as a premium supplier of surgical instruments and enhances our access to one of the most important markets for surgical instruments in the world. Surgical Holdings’ strong capabilities and product range are highl...