Advanced Instruments

Advanced Instruments is the leading global provider of osmolality testing instrumentation and consumables for the clinical, biopharmaceutical, and food & beverage markets. The company manufactures and commercializes a broad portfolio of innovative products used in over 90 countries by leading biopharmaceutical companies, hospitals, and food & beverage producers.

Since its founding in 1955, Advanced Instruments has been dedicated to increasing productivity and ensuring quality in the biotechnology, pharmaceutical, clinical and food & beverage industries. The company designs and commercializes systems that help their global customer base improve product quality and safety, meet regulatory requirements, and reduce costs. Advanced Instruments is known globally for its commitment to customer-centric innovation, exceptional product quality, and comprehensive customer support.

Advanced Instruments has entrenched osmolality as a critical and high-value test enabling the rapid and cost-effective diagnosis of medical conditions and assessment of product quality in a variety of settings. The company has built a strong brand reputation and deep customer relationships, it is recognized as the global authority on osmolality testing, and its products are the standard within each of its core clinical, biopharmaceutical, and food & beverage markets.

Patricia Industries acquired Advanced Instruments in October 2020 and owns 98% of the company, with members of the management team and Board owning the remainder. The company is headquartered in Norwood, Massachusetts.

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Advanced Instruments - Key facts

USD m.

2023

2022

Sales

149

134

EBITDA (%)

42

34

Number of employees

315

370

Patricia Industries ownership (capital/votes): 99/99  |  Initial investment year: 2020

 

About
Patricia Industries

About us

About us

Patricia Industries is a long-term owner that invests in companies and works to develop each company to its full potential. Patricia Industries is a part of the industrial holding company Investor AB, whose main owner is the Wallenberg Foundations.

Our Way of Working

Our Way of Working

We own Nordic and North American companies in industries that we know well, and where we have a relevant network of key people who can contribute their expertise.

Our companies

Our Companies

Our family of companies consists of wholly-owned subsidiaries, partner-owned companies and legacy financial investments.

Ownership

Ownership

Patricia Industries is a part of Investor AB, Northern Europe’s largest industrial holding company, which is publically listed on Nasdaq Stockholm. The main owners of Investor AB are the Wallenberg Foundations, controlling 50 percent of the votes.

Patricia Industries in short

Patricia Industries in short

What we do is really a continuation of what the Wallenberg family has been doing ever since André Oscar Wallenberg founded Stockholm’s Enskilda Bank in Sweden in 1856 – actively supporting the development of companies globally.

Board

Board

Great companies are built by great people. It is our firm belief that leadership and individuals make all the difference.

Team

The Team

Meet the people driving success at Patricia Industries

Contact / Career

Contact

Patricia Industries develops companies – in the Nordics and North America – and our team of professionals work at our two offices.