Envirotainer majority owner invests in va-Q-tec
28 / 07 / 2023
Pharma ULD firm Envirotainer will be combined with packaging company va-Q-tec following the latter’s majority purchase by EQT Private Equity.
The private equity firm had its majority takeover offer of va-Q-tec approved by the Austrian Federal Competition Authority on June 30 and the German Federal Competition Authority on June 12.
EQT said the authorisation gives the clearance to combine the two companies.
The preparations for the integration have already started, and the full combination is expected to be in place during the second half of 2024.
Envirotainer chief executive Peter Gisel-Ekdahl said: “Today starts a new era for our businesses and clients. Together, we will enable even greater global access to life-saving temperature-sensitive pharmaceuticals.
“The combination marks the start of a new accelerated period of growth for Envirotainer, fuelled by a comprehensive portfolio of temperature-controlled solutions tailored for customers across the whole spectra of the pharmaceutical industry.”
Va-Q-tec chief executive Joachim Kuhn added: “Both businesses have a long history of success and complementary strengths. As one, we will supercharge our ability to develop ever better, innovative and sustainable cold chain solutions. Ultimately, this will improve patient’s health while reducing environmental impact.”
The combined entity will mean that Envirotainer will offer active temperature control solutions while va-Q-tec will offer passive options.
By combining the two entities the operational network of service stations will also be expanded which will cater to “the global growing demand of temperature-controlled pharmaceutical shipping”.