Elitech (Group)

https://www.elitechgroup.com

The Elitech Group (www.Elitechgroup.com) is a high growth, profitable in vitro diagnostic company with global sales and distribution capabilities in over 100 countries. The company is the largest independent distributor of in vitro diagnostic products in France. Elitech operates globally, leveraging products from its own biochemistry and microbiology equipment and reagents manufacturing facilities as well as third party products. In May 2007 Elitech acquired Wescor Inc, Utah USA (www.wescor.com) to broaden its biomedical products platform and to provide a base for business expansion in the USA. In October 2007 Elitech acquired Vital Scientific in the Netherlands to allow the company to offer a complete biochemistry offering. Elitech offers clinical chemistry, microbiology, immunology and electrophoresis products and sells via distributors and through its subsidiaries in the USA and several European countries. The share exchange agreement contemplates that combined operations will include all of Elitech's operations except for the sales subsidiary in France, which is subject to an exclusive two year right for the combined company to purchase the operation for €3.5 million. In the interim, Elitech France will distribute products from the combined entity. The Elitech Group, excluding its French sales subsidiary, has approximately 260 employees and has had double-digit revenue growth in its core business over the last three of four years. For the fiscal year ended March 31, 2008, The Elitech Group had (Unaudited) revenue of approximately €47.5 million and over 40% gross margins, and was operating cash flow positive. *

	Start	2007-06-06 existent
	Industry	in vitro diagnostics (IVD)

	Region	Puteaux
	Country	France
	Street	12–12 bis rue Jean-Jaurès
	City	92800 Puteaux
	Tel	+33-1-41-450710
		Address record changed: 2020-12-02

Basic data	Employees	n. a.
	Currency	EUR
	Annual sales	150,000,000 (revenue, expected (2023) 2023-12-31)

		* Document for »About Section«:

		Record changed: 2024-02-12