Leading CDMO for Point of Care diagnostic systems, medical devices and analytical instruments for the life science industry
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At a glance
Sector: Healthcare
Vertical: Life Science & Diagnostics
Reference market: Point of Care Diagnostics
Investment type: Carve-out
Acquisition: 2023
Head office: Germany
FTEs: ~200
Overview
- Founded in 1961, LRE Medical has +60 years of R&D and manufacturing excellence
- Offers end-to-end services – from initial concept to commercialization, scalable contract manufacturing and lifecycle management
- Global blue-chip customer base with two facilities in Germany
Positive impact to society
Diagnostic testing shifting closer to patients providing faster, better outcomes
Investment rationale
- Operates in an attractive niche market with sustainable long-term growth driven by megatrend shifting testing closer to patients and Point-of-Care
- Create a strategically critical supplier of design, development and manufacturing services to the Point-of-Care and Life Sciences industries
- Opportunity to accelerate revenue growth through the expansion of commercial activities