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GHO (UK) acquires biotech supplier Ardena (Flanders)

Ardena, a Flanders-based company from Ghent which produces pilot medicines for biotech companies worldwide, has been acquired by Global Healthcare Opportunities (GHO), a British investor in healthcare. The exact acquisition price will not be released, but it is estimated at more than EUR 100 million. Founder and CEO Harry Christiaens will retain a significant stake after the deal.

Researcher in lab

Further international expansion

GHO plans to further strengthen Ardena’s broad service proposition through organic and inorganic opportunities, adding to both the company’s offering and international footprint.

Harry Christiaens, CEO of Ardena, comments: “Because of their deep expertise in the pharma sector, we are excited to partner with GHO as we continue our international growth. Ardena and GHO are fully committed to the science-led approach that delivers valuable solutions for our biopharma customers globally.”

Strong player in biotechnology

Biotech supplier Ardena was established under a different name in 2004. The company supports small and medium-sized biotech and pharmaceutical companies in the development of medicines.

Harry Christiaens explains: “A company comes to us with a molecule that has the potential to become a medicine. We create that molecule on a small scale and then process it into a pill, capsule or injectable liquid. These drugs are not intended for sale, but only for use in patient studies.” Every year, Ardena participates in about thirty drug projects, which amounts to hundreds of projects since the company’s founding.

300 customers worldwide

After four takeover deals, Ardena has branches in Latvia, the Netherlands and Sweden, and has 300 customers worldwide, including industry leaders Galapagos and argenx. In addition, Ardena has 300 employees (90 in Ghent) and recorded a turnover of EUR 38 million and approximately EUR 11 million in gross operating profit. “We are already an important player, but the next step is to become a global player,” says Harry Christiaens.

More info

ArdenaGlobal Healthcare Opportunities (GHO)
Reported by
Newspaper De Tijd
17 March 2020

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