Founded in 1949, Ellab is a leading global supplier of solutions for measuring, recording, monitoring and validating critical parameters of thermal processing. The company offers a wide product range of high-precision systems for temperature, pressure and humidity monitoring and validation based on either data loggers or thermocouple-based wired instruments, sold in more than 65 countries. Ellab’s high-quality products are used by the pharmaceutical and food industry, where accurate and complete documentation is essential. In 2016, Ellab reached EBITDA DKK 70m

Founded in 1989, IK Investment Partners is a European private equity advisory group with Nordic roots, operating across Northern Europe

From the new ownership, Ellab will benefit from increased financial resources and industry experience to support future growth and innovation. Through the acquisition, IK Investment Partners will help Ellab in continuing to develop thermal validation systems and services

*Completed by the HCN Partners team when employed at Handelsbanken