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Trajan Group Acquires German Laboratory Automation Software Specialist Axel Semrau
Wednesday 24 November 2021

Australian analytical science and device company Trajan Group Holdings Ltd. (ASX: TRJ) has completed the acquisition of European laboratory automation and chromatography software and detection systems provider Axel Semrau GmbH and Co. KG and Semrau Immobilien GmbH and Co. KG, the private business and properties of "Axel Semrau" based in Sprockhövel, Germany, for EUR 14.75m (USD 16.54m) and EUR 2.25m (USD 2.52m) respectively, the company said.

Adjustments, including accumulated undistributed profits total EUR 2.85m in favour of the sellers, to be paid by Trajan following Closing.

Trajan is funding its current acquisition activities through a combination of cash and debt.

Axel Semrau, employs just over 50 staff in Europe and develops and manufactures laboratory automation and chromatography software and detection systems.

The company reported FY 21 (year ended Sept '21) revenues of EUR 14.9m, and EBITDA of EUR 1.46m (normalized EBITDA of EUR 1.67m), unaudited.

The two managing directors at Axel Semrau, Frank Sasse and Andreas Bruchmann and all other employees will continue in their current roles as part of the Trajan group.

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.

Trajan is a global organisation of 450 people, with five manufacturing sites across the US, Australia, and Malaysia, and operations in Australia, the US, Asia, and Europe.

Axel Semrau has 40 years of experience in the distribution and development of system solutions for chromatography and mass spectrometry.
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Date Published: 24/11/2021

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