The global provider of specialised services for the pharmaceutical, medtech and biotech industries has made the acquisition in Denmark to add to service offering
ProductLife Group (PLG), a global provider of specialised services for the pharmaceutical, medtech and biotech industries, has recently acquired Pharma IT, a life sciences consulting company headquartered in Copenhagen, Denmark.
Founded in 2016, Pharma IT is a provider of technology & regulatory compliance solutions for the life sciences industry. The company consists of 140 skilled consultants and specialises in quality and compliance, management consulting, drug development and information technology.
The addition of Pharma IT will reinforce PLG's existing quality management & compliance offering with expertise in the field of IT systems implementation, validation and compliance.
Thanks to its unique ability to provide tailor-made solutions to both established and emerging customers as well as new innovative Cloud resources, Pharma IT has been growing on average by more than 45% per annum over the last 4 years, making further inroads into the Nordic life sciences market.
Pharma IT's specialist expertise will enable us to further drive business in the Nordics
Following this acquisition, PLG will have more than 800 employees located in 40 different countries. This new alliance paves the way for further acceleration of the two companies' growth ambitions by allowing clients to benefit from a deeper pool of consulting expertise and a broader reach, whilst allowing Pharma IT to expand its solutions internationally.
"Pharma IT is a well-recognised service provider with an excellent reputation in the pharma technology space," explained Xavier Duburcq, CEO at PLG. "We are thrilled to bring on a company with seasoned management and synergistic services in the highly regulated industry we serve."
Jakob Juul Rasmussen, Pharma IT's Managing Director and co-founder said: "It was apparent to me that both organisations share a focus on quality as well as a strong dedication to our employees and clients. This shared commitment to providing reputable solutions with exceptional results will not only favour our partnership, but also provide our customers with noteworthy regulatory and technology expertise."
"It's a great day for PLG. Pharma IT's specialist expertise will enable us to further drive business in the Nordics, more specifically in the Medicon Valley, and expand our quality management & compliance service line worldwide. It also allows the organisation to expand on the Pharma 4.0 and digital transformation journey that we have been pursuing recently," Xavier added.
"Our mission is to provide our clients with unsurpassed technical expertise combined with quality service, and we know we have found the same in PLG. Becoming part of a larger organisation with an excellent reputation and significant global footprint is an exciting step for Pharma IT. We are looking forward to this next chapter," concluded Søren Winkel, Partner and co-founder at Pharma IT.