Swedish firm new owner of Sarnova

The Columbus Dispatch - - Business - By Marla Matzer Rose

Sarnova Hold­ings, a Dublin-based spe­cialty med­i­cal-prod­ucts dis­trib­u­tor that’s been grow­ing through ac­qui­si­tion, has sold a $500 mil­lion ma­jor­ity stake to a Swedish pri­vate eq­uity firm.

The deal val­ues Sarnova at more than $900 mil­lion.

Sarnova was formed in 2008 with the merger of Bound Tree Med­i­cal and Tri­anim Health Ser­vices.

The new ma­jor­ity owner is Pa­tri­cia In­dus­tries, which, ac­cord­ing to a com­pany state­ment, in­vests in “bestin-class com­pa­nies with strong mar­ket po­si­tions ... within in­dus­tries po­si­tioned for sec­u­lar growth.”

It is part of Stock­holm­based In­vestor AB, a 100-year-old firm whose hold­ings in­clude Eric­s­son and in­dus­trial equip­ment maker At­las Copco.

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