Ellab was acquired by EQT Partners from IK Investment Partners

Ellab, a Copenhagen, Denmark-based supplier of solutions for measuring, recording, monitoring and validating critical parameters of thermal processing, announced getting into an investment agreement for getting the SWedish private equity firm EQT Partners as a new major shareholder in the company.

The financial details of the deal were not disclosed. The transaction was made by EQT Mid Market Europe Fund with the current owner, IK Investment Partners, which purchased the company in 2016.

Ellab, founded in 1949 and led by CEO Peter Krogh, has grown from a small Danish manufacturer of thermometers to a leading global supplier of thermal validation solutions and services. The company serves both small and large clients within the pharmaceutical, medical and food industries by providing solutions for applications like sterilisation, freeze drying, heat tunnels and pasteurisation, among others. Ellab’s solutions are well known for their industry-leading quality and are used by customers like Pfizer, Astra Zeneca, Mars, Getinge and many hospitals.