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Ergomed - Buys specialist consultancy for £25.6m

March 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ERGO
  • Price:
  • 1210p
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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