ProductLife Group Expands Expertise with HERAX Acquisition

Deal News | Feb 24, 2025 | Globenewswire

ProductLife Group Expands Expertise with HERAX Acquisition

ProductLife Group (PLG) has announced the acquisition of HERAX Life Science, a Danish consulting firm specializing in business and technology solutions for the life sciences sector. Founded in 2009 in Copenhagen, HERAX Life Science provides services that assist life sciences companies with digital transformation in R&D activities, technology solution deployment, and business process optimization. The acquisition aims to combine HERAX's expertise with PLG's regulatory, scientific, and compliance consultancy to enhance drug development processes, streamline clinical studies, and meet rigorous safety and compliance standards. With this acquisition, PLG continues to build on its strategy from a previous acquisition of Pharma IT in 2022, enhancing its regional and global platform. Allan Bech Thomsen, CEO of HERAX, highlights the strategic nature of this collaboration, which will facilitate international expansion and bolster HERAX's boutique consultancy approach. Xavier Duburcq, CEO of PLG, emphasizes the acquisition's role in expediting digital transformation and expanding PLG's capabilities globally, supported by a combined team of 300 experts.

Sectors

  • Life Sciences
  • Business and IT Consulting

Geography

  • Denmark – HERAX Life Science is based in Copenhagen, Denmark.
  • France – ProductLife Group is headquartered in Paris, France.
  • Nordic Countries – The article mentions PLG's strengthened presence in the Nordic region due to previous and current acquisitions.

Industry

  • Life Sciences – The article centers around life sciences consulting and transformation services, involving both ProductLife Group and HERAX Life Science.
  • Business and IT Consulting – HERAX Life Science is a consulting firm providing business and IT services, especially in digital transformation and process optimization in the life sciences industry.

Financials

    Participants

    NameRoleTypeDescription
    ProductLife GroupBidding CompanyCompanyA global consultancy firm specializing in regulatory, scientific, compliance, and digital transformation services for the life sciences industry.
    HERAX Life ScienceTarget CompanyCompanyA Danish consultancy firm that provides tailored business and technology solutions for the life sciences sector.
    Allan Bech ThomsenCEO of HERAX Life SciencePersonCEO of HERAX Life Science, involved in the strategic collaboration with PLG.
    Xavier DuburcqCEO of ProductLife GroupPersonCEO of ProductLife Group, commenting on the strategic importance of the acquisition.