MedCap AB (publ) (OM:MCAP) signed an agreement to acquire Surgicube International B.V. for ?8 million on July 24, 2023. Under the transaction, MedCap pays ?6 million and adjustments for net debt / cash at closing and an earn-out up to ?2 million based on the gross profit growth until December 2024. SurgiCube?s sales in the last 12 months amounted to approximately ?3.7 million with almost 24% EBITDA-margin.

Key individuals in the business have committed to remain as minority owners, and the former majority owner Ger Vijfvinkel has committed to remain as managing director and then as advisor during a transition phase.