Essity Acquires Stake of ABIGO MedicalMarch 2, 2020
Per the terms of the transaction. ABIGO will retain a 25% stake of the company and its current chairman, Jan G. Smith, will retain his position. The purchase is expected to close by June 2020, subject to customary regulatory and closing conditions.
“The acquisition is a good strategic fit for Essity and strengthens the innovation capacity of our Medical Solutions business. ABIGO Medical has leading innovations in advanced wound care that reduce the spread of bacteria without increasing resistance to antibiotics,” said Magnus Groth, Essity CEO.
Essity is a global hygiene and health company that develops, produces, and sells personal care, consumer tissue, and professional hygiene products and solutions. For more information visit www.essity.com.