Montagu, a leading European Private Equity investor, today announced the completion of the sale of CliniSys to Roper Technologies, a diversified technology group based in Florida, US.
CliniSys is the leading provider of clinical laboratory information management systems (“LIS”) in Europe. Headquartered in Surrey, UK, it provides specialist IT systems to clinical laboratories enabling them to provide fast and reliable diagnostics services to the healthcare industry. The LIS manage key workflows within the laboratory and facilitates the performance and processing of tests in a timely and efficient manner, and communicates results to the relevant care providers. The CliniSys systems are deployed in 9 languages in over 2,000 laboratories with more than 22,000 users across 34 countries.
Montagu has supported the incumbent management team driving strong organic growth in the business. Continued investment in R&D and growth in the Company’s delivery capabilities have enabled CliniSys to benefit from the increasing software demands in the consolidating laboratory market across Europe. Montagu also supported the acquisition and integration of the leading German LIS provider, MCS, in 2015, which significantly expanded the Group’s position in the German market and cemented CliniSys’ leading position across the European laboratory information systems market. Since Montagu acquired CliniSys in 2013, the Company has grown EBITDA by approximately 40% and the number of employees has increased by the same percentage.
The Roper Group is a diversified technology company with annual revenues of $3.2 billion. The acquisition of CliniSys further strengthens Roper’s focus on supplying software solutions to support the global clinical laboratory market. Other businesses in the Roper Group include Sunquest, the leading US supplier of LIS, and Data Innovations, a global supplier of middleware. CliniSys will be working in collaboration with the other businesses in Roper’s portfolio to continue to drive the development of innovative products and services for its customers, drawing on the Roper Group’s work and experience across the world.
Montagu has been a very supportive partner for us, helping us to nurture sustainable growth and to significantly expand our international business, in particular in Germany.
“We are excited to be joining the Roper Group and are confident that this is the right move strategically at this stage for both our clients and employees.”
Fiona Pearson, Chief Executive, CliniSys
We are delighted to have worked with the highly experienced CliniSys management team through a period of significant growth and international expansion.
“The Roper Group is a natural home for the business and we wish them all the best with their future growth.”
Edward Shuckburgh, Director, Montagu