ProductLife Group Expands Consulting Expertise with Herax Life Science Acquisition
Deal News | Feb 24, 2025 | Globenewswire
ProductLife Group (PLG), a global leader in regulatory consulting, expertise, compliance, and digital transformation for the life sciences sector, has announced its acquisition of HERAX Life Science, a prominent Danish consulting firm. HERAX specializes in business and technology advisory, offering tailored solutions in the life sciences field, focusing primarily on digitizing R&D activities, selecting and implementing technology solutions, and optimizing clinical development processes. Founded in 2009 in Copenhagen, HERAX has earned a reputation for delivering high-impact business strategy and IT consulting in life sciences. The acquisition reflects a shared commitment to expediting drug development, streamlining clinical trials, and adhering to high safety and compliance standards. Xavier Duburcq, CEO of PLG, emphasized that this acquisition marks a significant step in extending PLG's expertise and accelerating digital transformation worldwide. Allan Bech Thomsen, CEO of HERAX, expressed optimism that joining forces with PLG will catalyze HERAX's international expansion, allowing them to further leverage specialist methodologies to provide effective counsel globally. The merger expands PLG's team to 300 seasoned professionals, enhancing its capacity to deliver customized solutions across the R&D value chain, making it a unique entity in Europe.
Sectors
- Life Sciences
- Consulting
- Information Technology
Geography
- France – ProductLife Group is based in Paris, France, and is the acquiring company in this transaction.
- Denmark – HERAX Life Science is based in Copenhagen, Denmark, and is the target company being acquired by ProductLife Group.
- Nordic Countries – The article mentions ProductLife Group’s existing strong presence in Nordic countries, including its prior acquisition of Pharma IT in 2022, further expanding its footprint in this region through the HERAX acquisition.
Industry
- Life Sciences – The article is centered around ProductLife Group’s acquisition of HERAX Life Science, both of which operate within the life sciences sector, providing regulatory, business strategy, and digital transformation consulting services.
- Consulting – Both ProductLife Group and HERAX Life Science provide consulting services, focusing on regulatory affairs, compliance, IT, and business strategy within the life sciences industry.
- Information Technology – HERAX Life Science specializes in consulting services related to IT solutions for the digitization of R&D activities in the life sciences sector.
Financials
- – The article does not disclose specific financial details of the acquisition deal between ProductLife Group and HERAX Life Science.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ProductLife Group | Acquiring Company | Company | A global leader in regulatory, scientific, compliance, and digital transformation consulting for the life sciences industry. |
| HERAX Life Science | Target Company | Company | A leading Danish consultancy specializing in business strategy and IT solutions for the life sciences sector, particularly in R&D digitization and clinical development. |
| Xavier Duburcq | CEO of ProductLife Group | Person | CEO of ProductLife Group, commenting on the strategic benefits of the HERAX acquisition. |
| Allan Bech Thomsen | CEO of HERAX Life Science | Person | CEO of HERAX Life Science, expressed the strategic benefits of joining ProductLife Group. |
| Fabrice Galzin | Marketing Director at ProductLife Group | Person | Marketing Director at ProductLife Group, listed as a contact person for further information. |