Transaction

Clearwater advises Technolution on its sale to MGS

Transaction

Technolution sold to MGS

Sell-side

Undisclosed

Role

Adviser to Technolution on its sale to MGS

Sector

Healthcare
Business Services

Region

Denmark

Clearwater has advised Technolution, a Danish consultancy and development company in the pharma and MedTech markets, on its sale to MGS, a global medical device contract manufacturer.

Technolution is a fast-growing consultancy and development company in the pharma and MedTech markets, based in Hørsholm, north of Copenhagen, Denmark. The company is a market leader in its field and currently employs over 75 professionals across multiple disciplines, and to date, has handled more than 240 projects for start-ups, over the past 20 years. During that time, Technolution has gained a reputation as an expert in transforming ideas into innovative, healthcare solutions as well as fostering a culture of trust, integrity, and professionalism.

MGS is a global medical device contract manufacturer for the healthcare and pharma markets. Headquartered in Germantown, Wisconsin, in the US, MGS operates from 16 locations around the world. The company is acknowledged as a specialist in precision plastics, offering vertically integrated total solutions from a single source, providing exceptional value to its global clients.

This partnership establishes a unique position in the industry’s value chain, providing a seamless, one-stop-shop solution from initial design to final product delivery. By combining forces, Technolution and MGS will mitigate project risks for their clients, creating an approach that streamlines the supply chain and accelerates time-to-market.

handshake business Technolution

We are happy to have found the right partner in MGS, with whom we look forward to continuing our growth journey. We have felt in both professional and safe hands with the Clearwater team. They have helped us highlight the right nuances for our business during the process. At the same time, Clearwater demonstrated a good understanding of our business culture and the way we run the business, both of which we cherish and have been key for us throughout the whole process.

Thomas Bach Agerslev, CEO and Managing Partner, Technolution
handshake business Technolution

Denmark is strong within pharma and MedTech, and we experience great interest from international buyers in companies with strong niche competencies performing well in this area. Technolution is a clear example with its impressive growth, a strong market position as a life science development house - and not least, its unique culture. The new partnership with MGS is a strong strategic match with synergies benefitting both companies, employees, and clients, and at the same time proof of the consolidation trend we have seen in the last years, where contract manufacturers have invested in design and development competencies. It has been a pleasure helping this match become a reality and we look forward to following their progress in the future.

Morten Bojesen, Associate Director, Clearwater

Advisers

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