International private equity firm, Cinven, today announces that it has signed an agreement to acquire Envirotainer (‘the Group’), a global provider of temperature-controlled air cargo containers, for an undisclosed consideration.
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Headquartered in Stockholm, Envirotainer designs, manufactures and leases active temperature-controlled containers used primarily for air freighting biopharma products, transporting up to two millions doses of medicine per day. The Group serves c. 600 customers worldwide, including many of the blue-chip global biopharma companies. With c. 300 employees, Envirotainer operates from regional centres in Stockholm, Frankfurt, Dallas and Singapore, with a portfolio of more than 5,500 leased containers globally.The Group developed and marketed the first container with an active temperature control system in 1995 and since then has significantly invested in technology and its container fleet.