ADDvise Group AB Acquires Southern Life Systems, Inc.

November 24, 2021

ADDvise Group AB (publ) has completed the acquisition of all shares in Southern Life Systems, Inc. (SLS). The purchase price is approximately USD 11.0 million (USD 7.6m initial cash consideration plus potential earn-outs), financed with ADDvise's own funds; SLS reported about USD 11.56 million revenue and ~USD 1.68 million adjusted EBITDA for 2020.

Buyers
ADDvise Group AB
Targets
Southern Life Systems, Inc.
Sellers
Owners of Southern Life Systems, Inc.
Industry
Medical Devices
Location
Georgia, United States
Transaction Type
Buyout

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