Founded seven years ago by Johannes Kirchmair and Thomas Wurm, Single Use Support has rapidly established itself as a reliable global player in the biopharmaceutical industry, supplying the largest companies in the sector. Customers from all over the world already rely on the innovative process solutions from the Tyrolean company.
On course for global growth
At the turn of the year, the two founders stepped back from operational business and handed over the reins to the new CEO Christian Praxmarer, who had previously held various management roles in the company for several years. The opening of the newest location in the USA in March 2024 also marked a milestone for further expansion in the American market.
The next important step for the steadily growing team at Single Use Support is now being taken. The new majority owner Novo Holdings is supporting the joint expansion of a stronger global presence, with a focus on the target markets of the USA and Asia.
Reliable partner for the future
Johannes Kirchmair and Thomas Wurm will continue to hold a minority stake in the company: “With Novo Holdings, we have been able to bring a long-term and stable partner on board. We look forward to supporting its continued success from an advisory perspective in the future.”
The high level of interest in the company’s shares highlighted the value of a reliable partner. Novo Holdings was selected as a new partner due to its strong industry connections.
Johan Hueffer, Senior Partner, Principal Investments, Novo Holdings, said: “We are pleased to announce the acquisition of a majority stake of Single Use Support, an innovative technology leader with tremendous complementarity to the Novo Holdings ecosystem.
“This transaction marks an important addition to our fast-growing Life Science Tools & Diagnostics portfolio and represents our first control investment in the DACH region, a vital hub for life sciences. This investment also underscores our commitment to advancing leading healthcare therapies and technologies.”
Single Use Support now employs almost 200 people at its sites in Kufstein, Switzerland, and Lexington, Massachusetts. The company is committed to continued expansion and is always on the lookout for new employees to drive innovation in the industry.