We improve
people’s lives

During the year, AddLife updated its sustainability strategy based on stakeholder dialogues and an updated materiality analysis. The sustainability strategy mirrors our key sustainability issues: our positive contribution to the Life Science sector, the well-being and development of our employees, and our work with supply chain management. We recognise business opportunities in working with sustainability and believe that our sustainability efforts can provide added value for our customers. The 2023 sustainability report prepares us for the new legal requirements in the Corporate Sustainability Reporting Directive (CSRD).

AddLife creates competitive advantages by offering high-quality products and value-creating services, coupled with sustainable solutions. Our position in the value chain, primarily as a distributor, entails close dialogue with local customers and collaboration with major global suppliers. This offers a unique opportunity to facilitate a sustainable transition alongside our partners and develop solutions that could positively impact our business operations. 

The dedication of our employees is the key to our success. We aim for an inclusive environment for our talented and dedicated people, characterised by diversity. To accomplish this, we focus on aspects related to employee well-being, diversity, and inclusion. We want to support the professional development of our employees through training, knowledge sharing and growth opportunities. We are proud of our corporate culture and we take responsibility for how we do business.

Our position in the value chain offers the opportunity to collaborate with our partners in developing solutions to responsibly address our shared impact. Tasks involve evaluating, engaging with, and exerting influence on our suppliers, while also identifying new market-leading alternatives. Each subsidiary is responsible for selecting and evaluating suppliers. In this ongoing process, one key selection criterion is the suppliers' adherence to the UN Global Compact principles.

The market, in which AddLife operates, is relatively insensitive to cyclical fluctuations and is driven by demographic factors, an ageing population and the increasing prevalence of chronic diseases. On average, the medtech market is expected to achieve an annual growth rate of 5 percent and the diagnostics market 2-3 percent.

AddLife strives for profitable organic growth and has a high proportion of recurring sales and long-term contracts that generate stable cash flows. The company bases its acquisition agenda on financing acquisitions through its own cash flow.

A key element of AddLife's growth strategy is acquisitions, with a focus on small and mid-sized bolt-on acquisitions or standalone acquisitions with attractive margins. The goal is for the acquired subsidiaries to continue to develop based on their strengths, based in a decentralised business model.

AddLife’s more than 85 subsidiaries create value and build leading positions in selected niches in Europe. The company has a wide geographic spread, operating in 30 countries with 2,300 employees.