News & Views
PLG acquires Pharma IT
Following its acquisition of Pharma IT, ProductLife Group (PLG) (https://productlifegroup.com), a global leader in regulatory and compliance services for the life sciences industry is strengthening its foothold in Northern Europe and offering new services in the context of life sciences digitalization.
Founded in 2016, Pharma IT is a leading provider of technology & regulatory compliance solutions for the life sciences industry. The company consists of 140 skilled consultants and specializes in quality and compliance, management consulting, drug development and information technology. The addition of Pharma IT will reinforce PLG’s existing quality management and compliance offering with expertise in the field of IT systems implementation, validation and compliance.
“Pharma IT is a well-recognized service provider with an excellent reputation in the pharma technology space,” explains Xavier Duburcq, CEO, PLG. “We are thrilled to bring on a company with seasoned management and synergistic services in the highly regulated industry we serve.”
Thanks to its unique ability to provide tailor-made solutions to both established and emerging customers as well as new innovative Cloud resources, Pharma IT has been growing on average by more than 45% per annum over the last four years, making further inroads into the Nordic life sciences market.
“It was apparent to me that both organizations share a focus on quality as well as a strong dedication to our employees and clients,” says Jakob Juul Rasmussen, Pharma IT’s Managing Director and co-founder. “This shared commitment to providing reputable solutions with exceptional results will not only favor our partnership, but also provide our customers with noteworthy regulatory and technology expertise.”
“It’s a great day for PLG. Pharma IT’s specialist expertise will enable us to further drive business in the Nordics, more specifically in the Medicon Valley, and expand our quality management and compliance service line worldwide,” adds Duburcq. “It also allows the organization to expand on the Pharma 4.0 and digital transformation journey that we have been pursuing recently.”
“Our mission is to provide our clients with unsurpassed technical expertise combined with quality service, and we know we have found the same in PLG. Becoming part of a larger organization with an excellent reputation and significant global footprint is an exciting step for Pharma IT. We are looking forward to this next chapter,” comments Søren Winkel, Partner and co-founder at Pharma IT.
Following this acquisition, PLG will have more than 800 employees located in 40 different countries. This new alliance paves the way for further acceleration of the two companies’ growth ambitions by allowing clients to benefit from a deeper pool of consulting expertise and a broader reach, whilst allowing Pharma IT to expand its solutions internationally.