By combining the two businesses, Envirotainer, which provides secure cold chain solutions for shipping temperature-sensitive pharmaceuticals will supply active temperature-controlled solutions, and va-Q-tec, which specialises in thermal insulation will provide passive temperature-controlled solutions.
EQT Private Equity, the majority owner of Envirotainer had its majority takeover offer of va-Q-tec approved by the Austrian Federal Competition Authority on 30 June and the German Federal Competition Authority on 12 June.
The companies say that va-Q-tec’s advanced passive boxes and containers maintain temperatures from -180C to +20C without external energy input will be a perfect match for Envirotainer’s solutions, which include ULDs and its CryoSure dry ice shipping solution.
Preparations for integration are underway with the full combination expected to be in place during the second half of 2024.
Peter Gisel-Ekdahl, CEO of Envirotainer, says, “Today starts a new era for our businesses and clients. Together, we will enable even greater global access to life-saving temperature-sensitive pharmaceuticals. The combination marks the start of a new accelerated period of growth for Envirotainer, fuelled by a comprehensive portfolio of temperature-controlled solutions tailored for customers across the whole spectra of the pharmaceutical industry.”
Dr Joachim Kuhn, CEO of va-Q-tec, adds, “Both businesses have a long history of success and complementary strengths. As one, we will supercharge our ability to develop ever better, innovative and sustainable cold chain solutions. Ultimately, this will improve patient's health while reducing environmental impact.”
The non-pharmaceutical operations at va-Q-tec providing cold chain for food and vacuum insulation panels for appliances, construction, technics & industry and mobility will continue to operate separately.