Dedalus Holding, controlled by Ardian, submits a firm offer to Agfa-Gevaert Group to buy of its healthcare software business and enters into an exclusivity agreement for the acquisition

London, 5th December 2019 – Dedalus Holding, a company 60% majority-owned by the independent private investment company Ardian, has submitted a firm offer and entered into exclusive negotiations to acquire part of Agfa-Gevaert’s healthcare software business (the “Business”).

The Business, which generates around 260 million Euro of full-year revenues, is made up of Agfa’s Healthcare Information Solutions and Integrated Care activities, as well as associated Imaging IT activities integrated into these units.

With a total turnover of 470 million Euro, the acquisition of Agfa-Gevaert’s healthcare software business will firmly establish the Dedalus Group as the European leader in the healthcare software sector, with a presence in over 30 countries and leadership positions in Italy, Germany and France.

Commenting on the news, Judy Smith, Managing Director of Dedalus Healthcare UK, said: “We are tremendously excited to be in acquisition talks with AGFA Healthcare IT.

“As the largest European provider of health information systems, we are committed to delivering integrated clinical solutions that truly revolutionise patient care. The acquisition of Agfa’s healthcare software business will ensure that we are able to further fulfil that commitment and continue to transform patient lives and ease clinical workloads.

“This development is just a taste of what is to come next year for the UK. Following the lead of our European parents, we will be launching the UK roadmap in early 2020 with an eye on growth, more intuitive solutions and, above all, a focus on our customers, providing even easier and more efficient deployment.”

Yann Chareton, Managing Director of Ardian Buyout, said: “We invested in Dedalus in 2016 to accelerate the growth of the company in Europe, as we knew that the group had all the characteristics to be able to compete successfully in its sector on a global scale.

“This acquisition in the healthcare technology space underpins ARDIAN’s strategy to support transitions of companies into undisputed leaders in their respective markets, widening their offering and geographic reach with transformational build-ups.”

 

Dedalus – Advisors

M&A Advisor: BNP Paribas, UBS, Banca IMI
Legal Advisor: Clifford Chance
Commercial Due Diligence: EY Parthenon
Financial, Tax, Operational Due Diligence: KPMG
Technology Due Diligence: Tech Economy
Debt Advisor: Rothschild

 

ABOUT DEDALUS

Dedalus Healthcare Ltd is part of the Dedalus Group, which is the largest European provider of healthcare information systems, with implementations on 5 continents, in 25 countries and a multi-million Euro R&D budget. Dedalus covers the full spectrum of healthcare solutions from digital anatomical pathology, LIMS
integration, laboratory automation, digital storage, asset tracking, population health management, e-prescribing and powerful interoperability capabilities.

 

ABOUT AGFA-GEVAERT

The Agfa-Gevaert Group develops, manufactures and distributes an extensive range of analogue and digital imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications.

Agfa’s headquarters and parent company are located in Mortsel, Belgium. The Agfa-Gevaert Group achieved a turnover of 2,247 million Euro in 2018.

www.agfa.com

 

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 640 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of more than 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.