Essity Purchases ABIGO MedicalApril 28, 2021
Last year, Essity had purchased a 75% stake in the Swedish medical solutions company. Per the terms of the acquisition, ABIGO will operate as a wholly owned subsidiary of Essity as part of the company’s medical solutions’ segment. The transaction is set to be finalized in May 2021.
“We are very pleased with this acquisition, which is a natural step in our ambition to strengthen our positions in medical solutions. ABIGO has unique expertise and innovation capacity that will contribute to accelerating Essity’s growth in advanced wound care,” says 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.