Novo Holdings acquires a 25% equity stake in Envirotainer

Envirotainer today announced that Novo Holdings A/S, has agreed to acquire 24.9% of the equity in Envirotainer in partnership with the private equity firm Cinven.

Michael Berg, CEO of Envirotainer, commented, “We are pleased to welcome Novo Holdings as a partner alongside Cinven in Envirotainer, where we see great value from Novo Holdings healthcare expertise and pharmaceutical market knowledge to further develop the customer service offering of Envirotainer.”

Novo Holdings has identified Envirotainer as an attractive investment opportunity due to, amongst others:
Market leadership: Envirotainer is a leading player with an innovative product offering, consistent service delivery, and global delivery capability
Attractive market: the rise in biopharma sales for a broad range of clinical treatments, in combination with tightening regulatory requirements for transporting these products, is driving strong growth in Envirotainer’s markets
Global growth opportunity: Cinven and Novo Holdings will support Envirotainer’s global growth by developing its technology and expanding its container fleet and global service network.

Samir Kamal, Senior Director at Novo Holdings said, “Envirotainer is a very attractive investment opportunity for Novo Holdings. The company is a leading player and is in an excellent position to further benefit from the increasingly important demand for temperature-controlled biopharma logistics. We are excited about this investment and look forward to, together with the management team and Cinven, be part of further developing Envirotainer.”

Contact information

Anna Hermansson
Senior Communication Manager, Envirotainer AB
+ 46 (0) 701 49 62 48
anna.hermansson@envirotainer.com

Christian Mostrup Scheel
Press Officer, Novo Holdings
+45 3067 4805
cims@novo.dk

About Envirotainer

Envirotainer is the global market leader in secure cold chain solutions for the pharmaceutical supply chain. The company develops, manufactures and offers leasing of innovative container solutions, including validation, support and service, for pharma products that require a controlled environment.

Thanks to a truly global presence with the world’s largest active container fleet, the most extensive network and more than 30 years of industry expertise, Envirotainer is able to meet the customers' need for innovative and reliable solutions - available from any location to any destination.

The company operates through an open, global network of airlines and forwarders and the headquarters is located outside of Stockholm, Sweden.