ADDvise Group AB (publ)

What ADDvise Group AB (publ) does

ADDvise Group AB (publ) is a Swedish life science conglomerate that develops, acquires, and supplies laboratory environments and medical technology products to healthcare and research institutions globally. Operating through two business areas — Lab (complete research environments, laboratory solutions, and cleanroom systems) and Sjukvård/Healthcare (medical technology products including surgical tables, medical cables, and diabetic care consumables) — the group manages over 20 subsidiary companies, each retaining local management autonomy while leveraging shared corporate support functions. The company is headquartered in Stockholm, Sweden, at Grev Turegatan 30, and historically traded on Nasdaq First North Premier Growth Market before being acquired by Amplex AB in February 2026 (with >99% ownership achieved), resulting in delisting and a transition to private ownership as a business area within the Amplex Group.

The group's revenue model is predominantly B2B enterprise sales of hardware (medical devices, laboratory equipment, cleanroom systems) with a recurring revenue element from diabetes consumables. Over 80% of revenue is generated in non-SEK currencies across markets in Europe, the Americas, and the Middle East, with operations in Sweden, the USA, and the UAE. Pricing is negotiated on a quote-based, multi-year contract basis with institutional customers including hospitals, laboratories, and research facilities. For FY2025, the company reported net sales of 1,605.7 MSEK and EBITA of 273.3 MSEK (17.0% margin), with a net debt/EBITDA ratio of 3.0x. The group follows a roll-up acquisition strategy supplemented by organic growth, with stated long-term targets of 15% annual EBITA growth and 15% ROCE.

Customer-facing delivery occurs through a decentralized network of subsidiaries (including Merit Cables, Surgical Tables Inc., and MRC Cleanroom Systems) that maintain direct sales relationships with healthcare and research institutions, while the parent company provides strategic direction, M&A capability, and corporate functions. In 2025, the company underwent significant balance sheet restructuring — a 457 MSEK rights issue in February 2025, 1,600 MSEK senior unsecured bond framework on Nasdaq Stockholm in May 2025, and a Nordea refinancing agreement reducing annual financial costs by ~56 MSEK — positioning the company for ongoing inorganic and organic growth under Amplex ownership.

Name

ADDvise Group AB (publ)

Legal name

ADDvise Group AB (publ)

Website

https://addvisegroup.se

Company type

Private

Operating status

Operating

Short description

ADDvise Group AB (publ) is a Swedish life science conglomerate that supplies laboratory environments and medical technology products to healthcare and research institutions globally through over 20 decentralized subsidiaries in two business areas: Lab and Healthcare.

Ownership category

akta.pro rank

Product category

Medical Devices & Laboratory Equipment

NAICS

Surgical and Medical Instrument Manufacturing (339112), Medical Equipment and Supplies Manufacturing (33911), Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (423450)

SIC

Laboratory Apparatus & Furniture (3821), Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Lab Furniture, Facilities & Utilities (Benches, Casework, Gas/Water Systems) (HLAGAIAM)

akta.pro secondary industries

Science & STEM Lab Equipment & Supplies (Chemistry, Biology, Physics, Makerspaces) (EDAEAIAC), Hospital Shared Services, GPOs & System Support Organizations (HLAFAAAO)

Keywords

• Laboratory solutions
• Medical technology products
• Cleanroom systems
• Research environment solutions
• Medical device distribution

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Medical Technology Products: Development and delivery of medical technology products to healthcare units. Revenue generated through direct sales of medical devices and equipment.
2. Laboratory Solutions and Equipment: Complete research environments and laboratory solutions sold to research institutions. Includes laboratory equipment, cleanroom systems, and related products.
3. Diabetes Products: Consumable products within diabetes care segment, contributing to recurring revenue streams in the healthcare division

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

ADDvise Group supplies complete laboratory solutions and medical technology products to healthcare and research units via two business areas: Lab (research environments, laboratory solutions, cleanroom systems) and Sjukvård/Healthcare (medical devices, surgical tables, medical cables, diabetes care consumables). Sales and delivery are executed through more than 20 decentralized subsidiary companies that maintain direct customer relationships with hospitals, research institutions, and laboratories globally.

Product overview

ADDvise Group AB is a diversified life science conglomerate operating through two main business segments: Lab and Healthcare (Sjukvård). The Lab segment delivers complete research environments and laboratory solutions, while the Healthcare segment develops and delivers medical technology products. The company operates through over 20 subsidiaries including Merit Cables, Surgical Tables Inc., and MRC Cleanroom Systems, providing products and services to healthcare and research units. The company uses a decentralized ownership model, developing and acquiring high-quality companies within these segments.

Differentiator

Problem solved

Functional benefit

Products and services

• Healthcare (Sjukvård) business area Medical technology products developed and delivered to healthcare units — including surgical tables, medical-grade cables for patient-care devices, and consumables within diabetes care — through subsidiaries such as Surgical Tables Inc. and Merit Cables. Targeted at hospitals, healthcare units, and medical facilities.
• Lab business area Complete research environments and laboratory solutions delivered to research units and laboratories, including cleanroom systems and specialized research equipment. Targeted at research institutions, academic facilities, and commercial laboratories.
• Surgical Tables (by Surgical Tables Inc.) Surgical tables and related medical equipment for healthcare facilities globally; produced by the wholly-owned ADDvise subsidiary Surgical Tables Inc. (STI).
• Medical-grade cables (by Merit Cables) Cable products used in medical devices and patient care, manufactured globally by the wholly-owned ADDvise subsidiary Merit Cables for hospitals and medical device OEMs.
• Cleanroom systems (by MRC Cleanroom Systems) Cleanroom systems and solutions for controlled laboratory environments in healthcare and research facilities, delivered globally by the wholly-owned ADDvise subsidiary MRC Cleanroom Systems.
• Diabetes care consumables Recurring consumable products used in diabetes care, supplied within the Healthcare division; contributes to subscription-style recurring revenue for the group.

Quantifiable outcome

• EBITA margin improvement to 17.0% in 2025 from 16.2% in 2024
• +1 more outcomes

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Öhrlings PricewaterhouseCoopers ABcoreOthersJohan Engstam from Öhrlings PricewaterhouseCoopers AB serves as the principal auditor for ADDvise Group since May 2023, providing audit services for financial statements and regulatory compliance.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Hamilton Company: Hamilton manufactures laboratory automation, liquid handling robots, and workstations — directly overlapping with ADDvise's lab instruments offering for research and clinical customers.
• Getinge AB: Getinge is a Swedish-headquartered peer operating in surgical/medical equipment and ICU/life science solutions; its Surgical Workplaces and Life Science divisions directly parallel ADDvise's Sjukvård and Lab businesses.
• Belimed AG: Belimed supplies sterilization, disinfection, and laboratory cleaning equipment to hospitals and research institutions globally, with comparable selling motion into regulated healthcare end markets.
• STERIS plc: STERIS is a direct peer with overlapping exposure to sterilization, surgical tables (Steris HSG/STERIS Surgical Tables), and laboratory/cleanroom equipment sold to hospitals and research institutions — closely mirroring ADDvise's Sjukvård plus Lab segments.

Broad incumbents

• Sartorius AG: Sartorius is a much larger established player in life science tools and bioprocessing equipment — overlapping with ADDvise's Lab segment through filtration, fluid management, and lab consumables.
• Agilent Technologies: Agilent supplies analytical laboratory instruments and consumables to research institutions globally; its workflows intersect with ADDvise's Lab customers but its product scope is significantly broader.
• Bio-Rad Laboratories: Bio-Rad supplies life science research and clinical diagnostics instrumentation — its lab equipment catalog and channel to research institutions broadly mirrors ADDvise's Lab customer base.
• Mettler-Toledo International: Mettler-Toledo supplies precision laboratory instruments (balances, pipettes, automated workstations) — a category that overlaps with ADDvise's laboratory equipment portfolio, though at a much broader scale.

Emerging players

• Eppendorf AG: Eppendorf focuses on pipettes, lab consumables, and bioprocessing equipment for life science customers — adjacent to ADDvise's lab portfolio but more narrowly focused on liquid handling and consumables.

Others

• Donaldson Company, Inc. Donaldson provides industrial filtration including cleanroom and life science filtration products — enabling/adjacent to ADDvise's cleanroom systems offering rather than competing head-to-head.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCJPlb3kwsDZCKVrTUkxguKw
• LinkedInlinkedin.com/company/addvisegroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ADDvise Group AB (publ)