Monday, July 5, 2021
Irish specialist software integration firm, SL Controls, has been acquired by NNIT Group, a leading Danish supplier of IT services to the global life sciences industry.
The acquisition of SL Controls will further strengthen NNIT’s solutions within production IT and will provide SL Controls new opportunities to continue its growth globally.
The deal represents an enterprise value of €16.9 million which comprises an upfront payment of €12.7 million before adjustments with an earn-out element of €4.2million.
SL Controls is an international provider of equipment system integrated solutions to a range of world-leading brands across the medtech, pharma, healthcare and technology industries. It has experienced strong growth over recent years and is on track to meet target revenues in excess of €10m for 2021.
Philip Lee’s corporate and M&A team members John Given, Rebecca McEvoy, Rebecca Clabby and Daniel Ryan advised SL Controls on this acquisition.
Full press release available here.