Novo Holdings Acquires Majority Stake in Single Use Support
May 15, 2024
Novo Holdings A/S agreed to acquire an approximately 60% controlling stake in Single Use Support, a Kufstein, Austria-based life science tools company specializing in fluid management, single-use consumables and cold-chain solutions for bioprocessing. The two founders will each retain 10% and Danaher will retain 20%; the investment is intended to support Single Use Support's next phase of global growth, particularly expansion into the US and Asia, and is subject to regulatory approvals.
- Buyers
- Novo Holdings A/S
- Targets
- Single Use Support
- Industry
- Biotechnology
- Location
- Tyrol, Austria
- Transaction Type
- Buyout
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