GRO Capital today announced the acquisition of 46% of the shares in Auditdata, a leading Danish manufacturer of diagnostic instruments and clinic management solutions within the audiology business.

Auditdata has in recent years experienced accelerated growth and with GRO Capital’s investment, GRO Capital expects Auditdata to continue its growth on a global scale and fulfill its goal of becoming a global leading independent provider of audiology solutions.

GRO Capital is very excited to partner up with Auditdata and to support the competent management in fulfilling their growth ambitions. GRO Capital sees a significant global growth and market penetration potential, and believe Auditdata’s software-driven approach will help change the dynamics of the industry.

Auditdata is a leading Danish manufacturer of diagnostic instruments and clinic management solutions for hearing aid manufacturers, hospital hearing care clinics and private practices. Auditdata was established in 1993 and is based in the Copenhagen area with offices in the UK and the US. Auditdata is privately held and has 75+ employees.

GRO Capital provides capital and knowledge to high quality technology enabled companies with growth ambitions. GRO Capital targets knowledge intensive sectors and look to identify companies with leading positions, high growth potential and strong management. GRO Capital has raised DKK 1bn with target equity investment sizes of around DKK 50-200m. GRO Capital was founded in 2014 with Danica as sole investor.

Bruun & Hjejle has acted as legal adviser to GRO Capital.