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DSM to Acquire Glycom to Accelerate Growth in Early Life Nutrition - Royal DSM announces that it has reached agreement to acquire Glycom A/S (“Glycom”), the world's leading supplier of Human Milk Oligosaccharides (HMO) for an enterprise value of €765 million - Glycom.com / DSM.com
DSM to Acquire Glycom to Accelerate Growth in Early Life Nutrition

 

PRZOOM - /newswire/ - Heerlen, Netherlands, 2020/02/21 - Royal DSM announces that it has reached agreement to acquire Glycom A/S (“Glycom”), the world's leading supplier of Human Milk Oligosaccharides (HMO) for an enterprise value of €765 million - Glycom.com / DSM.com. Euronext: DSM KON

   
 
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Royal DSM, a global science-based company in Nutrition, Health and Sustainable Living, today announces that it has reached agreement to acquire Glycom A/S (“Glycom”), the world's leading supplier of Human Milk Oligosaccharides (HMO) for an enterprise value of €765 million. This transaction represents an EV/EBITDA multiple of 20.6x based on the 2019 reported EBITDA, and around 15x based on the estimated 2021 EBITDA.

HMOs are a collection of carbohydrate structures found in human breast milk. They act as prebiotics in infants, which help to develop the desired microbial flora by serving as feed for the good bacteria in the intestine. HMOs are essential for both immune and cognitive development.

Glycom (glycom.com) is a Danish company with more than 150 employees, founded in 2005, that pioneered the development and commercialization of HMOs for Early Life Nutrition applications. The company operates a state-of-the-art manufacturing plant in Esbjerg (Denmark) and is the only fully-integrated HMO provider in the world with its own product development, preclinical and clinical development, regulatory and large-scale production with an exciting innovation roadmap for next-generation HMOs. The company achieved €74 million of sales in 2019. These sales were pre-dominantly generated with Nestlé and Nestlé will continue to be an important customer in the future. The Nestlé contract is a mutually beneficial long-term contract with firmly committed volumes also covering the mid-term horizon.

DSM (dsm.com) is a leading global solutions supplier to the Early Life Nutrition industry with its unique portfolio of, for example, nutritional lipids, vitamins and nutrient premixes. With the acquisition of Glycom, DSM adds HMOs to its portfolio, a novel high-growth ingredient for next generation Early Life Nutrition solutions.

This acquisition by DSM will be highly synergetic for both companies. DSM can accelerate the growth of Glycom by offering HMO products to DSM’s broad global customer base and integrate it in its full solutions offering for Early Life Nutrition customers. DSM can accelerate the HMO product development of Glycom by leveraging its strong R&D platform and clinical competencies to support Glycom’s development of next generation HMOs. DSM can furthermore introduce HMOs in other segments outside the Early Life Nutrition market, for instance for toddlers, children and adults, as well as in the medical nutrition and the pet food segments, creating additional growth potential.

Geraldine Matchett and Dimitri de Vreeze Co-CEOs of Royal DSM, commented: “We are looking forward to welcoming Glycom to DSM. Our companies have a great fit together, with a shared passion for purpose-led and science-based solutions in Nutrition & Health. This acquisition is an attractive and logical next step for DSM enabling us to provide our customers with innovative Early Life Nutrition solutions in our Human Nutrition business.”

Odd Hansen, CEO of Glycom, added: “We are excited to join DSM. This not only enables us to accelerate the growth of Glycom by adding our HMO products to DSM’s broad global customer base and integrate it in its full solutions offering for Infant Nutrition customers, it also creates leverage with DSM’s strong R&D platform and clinical competencies to support development of Glycom’s next generation HMO’s. DSM is a real great home for Glycom to reach its full potential”.

Contact: Dave Huizing - Vice-President Investor Relations
P: +31 45 578 2864 - E: investor.relations[.]dsm.com

 
 
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Agency / Source: Royal DSM N.V.

 
 

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DSM to Acquire Glycom to Accelerate Growth in Early Life Nutrition

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Glycom A/S | Royal DSM
Contact: Lieke de Jong-Tops - DSM.com 
+31 45 578 2420 media.contacts[.]dsm.com
 
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