Ergon Capital has announced its acquisition of a majority stake in Palex Medical, the leading distributor of innovative MedTech equipment for hospitals in Spain and Portugal, for €150 million. Palex is a CataloniaBio & HealthTech member.
Palex CEO Xavier Carbonell said, “Ergon is the right partner for our new phase in which we look forward to pursuing further growth opportunities in Spain and abroad.”
Pablo Álvarez Couso, director at Ergon Spain, emphasised the excellent talent and visionary management team, and their support for the future expansion.
Founded in 1955 by the Knuth family, Palex is headquartered in Sant Cugat de Vallès (Barcelona) and has a staff of 500. In 2019, it saw revenue of approximately €190 million with a portfolio of over 100,000 products (its own and through 650 partnerships).
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