Deal Announcement · March 2024
EL Engineering Completes Acquisition of Meridian Systems Healthcare Division
Executive Summary
EL Engineering has acquired the Healthcare Division of Meridian Systems, expanding into Romania and Serbia and adding €18M in annualised revenue.
The acquisition strengthens EL Engineering's healthcare platform across the Balkans. Meridian's Healthcare Division brings diagnostic services, clinical support capabilities, and long-term institutional contracts.
1.Strengthening Regional Presence
The transaction expands operations into two of the region's fastest-growing healthcare markets.
2.Adding Scale and Capability
The division contributes €18M in revenue, a skilled workforce, and a network of clinical service centers.
3.Unlocking Synergies
Integration will enhance procurement, digital infrastructure, and operational efficiency.
4.Foundation for Further Expansion
The acquisition positions EL Engineering for additional bolt-on opportunities.
Investor Implications
Reinforces presence in recession-resilient sectors
Creates a scalable regional platform
Enhances revenue visibility and margin stability
