SYDNEY, AUSTRALIA: Trajan Group Holdings (ASX: TRJ) has entered into a binding agreement to acquire the business of LEAP PAL Parts and Consumables LLC (LPP), based in USA for $7.7 million, with a planned Completion date of 30th December 2021.
LPP is expected to achieve calendar year 2021 revenues of $7.4 million and a normalized EBITDA of $1.04 million.
The transaction will be funded by Trajan Group through a combination of existing cash and debt.
Stephen Tomisich, Chief Executive Officer and Managing Director, Trajan stated, “Trajan acquired the business of LEAP Technologies in 2016. Originally LEAP Technologies and LPP were two parts of one business; the former developing automated workflows and providing the capital equipment solutions, the latter delivering the parts, supplies and consumables to support those platforms.
Around 2010 the two were split. With the acquisition of LPP Trajan brings the two parts of that business back together again to provide an integrated and streamlined customer support capability.”
“We welcome Will Plyler the leader of LPP and his team to the Trajan group. We have been impressed by LPP’s customer focus and the level of responsive customer support that they provide under Will’s leadership and we look forward to growing the careers of the team as part of the Trajan family.”
Will Plyer stated, “I am excited that the addition of LPP to Trajan reunites the historic elements of the LEAP brand and will allow us to more holistically serve our customers throughout the entire life of an automated workflow.”
Trajan is a global developer and manufacturer of analytical and life sciences products and devices founded to have a positive impact on human wellbeing through scientific measurement.
These products and solutions are used in the analysis of biological, food, and environmental samples. Trajan has a portfolio and pipeline of new technologies which support the move towards decentralised, personalised data-based healthcare.
In 2010 LEAP Technologies spun out its CTC Autosampler small parts and consumables operation and a new company was born, LEAP PAL Parts and Consumables.