Updates

Ergomed - Buys specialist consultancy for £25.6m

March 2022

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Ergomed has acquired pharma regulatory compliance provider ADAMAS for a cash consideration of £25.6m - c.13.4x 2021 ebitda adjusting for cash acquired with the business. Established 25 years ago, ADAMAS is an international specialist consultancy offering a full range of independent quality assurance services and specialising in the auditing of pharmaceutical manufacturing processes, as well as auditing clinical trials and pharmacovigilance systems. It has a client base of over 100 active clients and in FY21, ADAMAS recorded £8.5m sales with £1.8m of EBITDA. The deal adds a new complementary area to Ergomed’s offering and is immediately earnings enhancing. Keep on buy list. ...

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