Shareholders & Management Team
The Scientific Group is now a wholly-owned subsidiary of Ascendis Health within the Ascendis Medical Division.
Ascendis Health is a heath care brands company operating in plant, animal and human health. Ascendis’ strategy is to create a synergistic group of health product brands that cover the value chain form imports of raw materials, manufacturing and distribution to consumers via retail and direct selling channels. As a part of its growth strategy, Ascendis has a strong focus on acquisitive growth utilising the expertise of the deal team from Coast2Coast, an experienced investment holding company and the controlling shareholder of Ascendis.
Ascendis has over 1400 staff members and is headed by Dr Karsten Wellner (CEO). The executive team has over 20 years’ experience in pharmaceutical and consumer product (FMCG) industries.
The transaction with Ascendis Health will place TSG in the best possible position for further growth and sets the stage for even greater achievements. The Scientific Group remains a legal entity and will continue to trade as The Scientific Group.
I, Ambigai Naidoo, have been appointed CEO and together with my team we are confident that within Ascendis Medical, the business will grow from strength to strength owing to Ascendis’ focused approach towards developing a strong Medical, Diagnostic and Life Science business in South Africa and Sub-Saharan Africa.