German antitrust authority gives approval of getinge's Heraeus Med Technology acquisition
The Getinge Group today received
the final approval from the German antitrust authority to
complete the acquisition of Heraeus Med Technology.
Heraeus Med Technology is one of
the world's leading producers of surgical lighting systems and
ceiling service units for operating theatres, and is a good
complement to the Group's existing business in this field, both
product-wise and geographically. In 2001 Heraeus Med Technology
had sales of around EUR 52 million and employed 280 persons. The
head office and manufacturing facilities are based in Hanau,
Germany.
When the acquisition of Heraeus
Med Technology was announced in January this year, Getinge
expected that the German authority would approve it already in
March. Heraeus Med Technology which will be integrated in
Getinge's business area Surgical Systems, will significally
strengthen profits of the business area from 2003. The postponed
approval from the antitrust authority means that the synergies
for this year will be limited and that the impact on profit
before tax will be marginally negative. Heraeus Med Technology
will be part of the Getinge group from 1 July 2002.
GETINGE is a
leading provider of equipment and systems to customers within
health care, extended care and pharmaceutical industries/laboratories.
Equipment, services and technologies for infection control,
operating theatres, patient hygiene, patient handling and wound
care are supplied to customers throughout the world. The
Getinge Group has net sales of 8.1 billion SEK with 5 300
employees.
Internet http://www.getinge.com
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