Audax to sell Laborie Medical to affiliate of Investor AB
U.S. private equity firm Audax Private Equity has agreed to sell Canada's Laborie Medical Technologies Inc to Patricia Industries, a subsidiary of Sweden's Investor AB. No financial terms were disclosed. Founded in 1967, Mississauga, Ontario-based Laborie is a provider of medical devices for urological, pelvic health and gastrointestinal applications. The company was acquired by Audax in July 2012. Since then, Laborie has completed 14 add-on acquisitions to expand product lines and enter global markets, Audax said. Laborie said it will continue growing as part of Patricia Industries, which makes control investments in private companies on behalf of Investor AB.
22 August 2016•3 mins read
