Sale of Sonar Oy to ADDvise Group AB

In February 2019, ADDvise Group AB and Sonar Oy entered into an agreement regarding the acquisition of all shares in Sonar. The deal was finalized in April 2019 with the purchase price amounting to 3.2 MEUR.

Sonar is a Finland based med-tech company with a product portfolio consisting of e.g. ultrasound and X-ray equipment. In 2018, the company’s revenue was approximately 7.0 MEUR with an adjusted EBITDA of approximately 0.8 MEUR.

Carner advised Sonar throughout the sale process.

ADDvise Group AB

Sweden based ADDvise Group AB (publ) is a global supplier of equipment to healthcare and research facilities. The group consists of approximately 10 subsidiaries organized into two business areas, Lab and Healthcare. The group’s shares are listed on Nasdaq First North.