Perten Instruments acquired, targets expansion

by World Grain Staff
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STOCKHOLM, SWEDEN — Perten Instruments announced on Sept. 29 that it has been acquired by Valedo, a Swedish private equity firm.

Perten said it has achieved yearly double-digit growth in the past few years, and the acquisition provides it with the necessary financial backing to continue to grow in agrifood analysis. All Perten management and employees will continue to run daily operations under the Perten Instruments name and brand, and the company said it will keep its emphasis on application expertise and superior customer support. Growth is to be driven by product and business development as well as geographical expansion.

"As a result of new product launches in recent years, Perten has exciting prospects for the future with attractive opportunities to substantially accelerate our expansion. We are active in a changing market that is experiencing continuous and increasing requirements for quality control and process monitoring of food and crops. With support from Valedo, Perten will actively participate in and drive the transformation of the industry." said Sven Holmlund, group chief executive officer of Perten.