Trajan Group acquires Axel Semrau
The two Managing Directors at Axel Semrau and all other employees will continue in their current roles as part of the Trajan group
Global analytical science and device company Trajan Group Holdings Limited has completed the acquisition of Axel Semrau GmbH & Co. KG and Semrau Immobilien GmbH & Co. KG, the private business and properties of "Axel Semrau" based in Sprockhövel, Germany for €14.75 million and €2.25 million respectively. Adjustments, including accumulated undistributed profits total €2.85 million in favour of the sellers, to be paid by Trajan following Closing. Trajan is funding its current acquisition activities through a combination of cash and debt.
Symbolic image
Unsplash/pixabay.com
Axel Semrau, employs just over 50 staff in Europe and develops and manufactures laboratory automation and chromatography software and detection systems. The company reported FY 21 (year ended Sept '21) revenues of €14.9 million, and EBITDA of €1.46 million (normalized EBITDA of €1.67 million), unaudited.
Stephen Tomisich, Chief Executive Officer and Managing Director, Trajan stated, "We welcome the Axel Semrau team to the Trajan group. Trajan's automation business and Axel Semrau have worked in close cooperation for several years and so we enter this new stage with a working relationship already well established. Axel Semrau owns and develops the CHRONOS intelligent sequencing software platform upon which Trajan's automated workflows are built. We intend to further invest in CHRONOS in line with Trajan's goal to simplify and automate complex analytical workflows."
"Further, Axel Semrau's automation business is highly synergistic with our own; both in terms of application areas and geographical coverage. Axel Semrau's presence in chromatography and portable/on line gas detection also align with Trajan's general direction."
The two Managing Directors at Axel Semrau, Frank Sasse and Andreas Bruchmann and all other employees will continue in their current roles as part of the Trajan group. Dr Bruchmann commented "We welcome the opportunity to become part of the Trajan team. We have known Trajan for some time and find that our goals and values are aligned. We also see the intention of ongoing investment to drive growth in our business and capabilities."
Most read news
Organizations
Other news from the department business & finance
Get the analytics and lab tech industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
See the theme worlds for related content
Topic World Chromatography
Chromatography enables us to separate, identify and thus understand complex substances. Whether in the food industry, pharmaceutical research or environmental analysis - chromatography opens up a treasure trove of information about the composition and quality of our samples. Discover the fascinating world of chromatography!
Topic World Chromatography
Chromatography enables us to separate, identify and thus understand complex substances. Whether in the food industry, pharmaceutical research or environmental analysis - chromatography opens up a treasure trove of information about the composition and quality of our samples. Discover the fascinating world of chromatography!
Last viewed contents
A milestone on the pathway to Lab 4.0: A new standard for the smart lab - SPECTARIS presents the first industrial communication standard for laboratory and analytical devices
Fish and seafood - improved trace detection of life-threatening allergy sources - "AQUALLERG-ID": Researchers develop methods for detecting potential food allergens
PerkinElmer appoints President & Chief Operating Officer
ECHA calls for information to avoid unneccessary animal testing
Newly improved NIST reference material targets infant formula analysis
LAUDA appoints Dr. Ralf Hermann as the new General Manager Constant temperature equipment
A relative from the Tianyuan Cave - Ancient DNA has revealed that humans living some 40,000 years ago in the area near Beijing were likely related to many present-day Asians and Native Americans
Measurable for the first time: How bio molecules react to lack of space - Sensor demonstrates lack of space in living cells
Using AI to identify genetic perturbations from cell images - Newly founded start-up aims to use findings to treat previously incurable fibrosis