Absortech
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Absortech - overview
Established
2001
Location
-, Halland County, Sweden
Primary Industry
Logistics & Distribution
About
Absortech is a Swedish company that specializes in moisture damage prevention solutions, offering innovative desiccant products to protect goods during shipping and transport across various industries. Founded in 2001 in Sweden by Thomas Johansson, Absortech focuses on developing desiccant solutions to combat moisture-related issues. The company underwent a significant change in ownership when Pamica acquired a majority stake from PEQ Private Equity in December 2016, facilitating its growth and global reach. Absortech specializes in innovative desiccant solutions primarily focused on moisture damage prevention during shipping and transport.
The company's core product offerings include a range of calcium chloride-based desiccants such as AbsorGel, AbsorBag, and AbsorPole, which are engineered for maximum moisture absorption. These products are designed to protect goods from moisture-related issues such as caking, collapsed packaging, and corrosion, making them essential for various industries including agriculture, electronics, automotive, and beverages. Absortech serves a diverse client base that includes manufacturers and distributors across multiple regions, including North America, Europe, and Asia. The desiccants are utilized in shipping containers, ensuring that the items being transported maintain their integrity and quality, thereby reducing waste and shipping emissions.
In 2024, Absortech reported a revenue of USD 261,581. 20 with an EBITDA of USD -117,765. 20. The company generates revenue through direct sales of its desiccant products to businesses in multiple sectors, typically within a B2B framework, where clients place bulk orders based on their shipping needs and moisture control requirements.
Absortech also engages in partnerships with distributors to broaden its market reach, facilitating timely deliveries and product availability. Absortech aims to enhance its product line by designing new desiccant solutions tailored for emerging market needs. The company is also planning to expand its presence into new geographical regions, specifically targeting Asia and South America by 2025. The acquisition by Pamica in December 2016 will enable Absortech to accelerate its growth strategies and expand its global reach.
Current Investors
PEQ Private Equity, Pamica
Primary Industry
Logistics & Distribution
Sub Industries
Freight Transportation Services
Website
http://www.absortech.com
Verticals
Clean Technology
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Absortech - timeline of key events
Absortech - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,257,099 | 5,486,469 | 3,358,645 | 3,449,657 | 3,814,068 | - | - | - |
| % Revenue Growth (YoY) | - | 336.4% | (38.8%) | 2.7% | 10.6% | - | - | - |
| EBITDA (USD) | (26,984) | 63,597 | (544,338) | (845,488) | (725,297) | - | - | - |
| Operating Income (USD) | (26,984) | 63,597 | (544,338) | (845,488) | (725,297) | - | - | - |
| Operating Margin | (2.1%) | 1.2% | (16.2%) | (24.5%) | (19.0%) | - | - | - |
| % EBITDA Margin | (2.1%) | 1.2% | (16.2%) | (24.5%) | (19.0%) | - | - | - |
| NET Income (USD) | (3,007,507) | 2,972,151 | 13,356,023 | 4,907,406 | 12,707,913 | - | - | - |
| % Net Margin | (239.2%) | 54.2% | 397.7% | 142.3% | 333.2% | - | - | - |
Absortech - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Absortech | - | ||||||||
| Buyout | Completed | Absortech | - |
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Absortech - employee data
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