Algol OY buys 33% of the share capital in Kivex

Clearwater Advisor

The company, domiciled in Hørsholm close to Copenhagen, markets and distributes medico technical equipment (inject- and infusion pumps) to the Danish and Swedish health sector. Kivex will in the future be a part of of Algols pharmaceutical division, and will give the Danes entry to markets in The Baltic, Russia and Ukraine and give Kivex a wider product range on the existing markets in Denmark and Sweden.

The founder and past managing director of the company, Kjeld Lauridsen, continues as chairman of the board. The company’s sales manager – Nicolas Happe Qvotrup – is appointed new managing director. Algol Group, which has subsidiaries in Russia and the Baltic has a turnover of 230 m euro and has approximately 450 employees.