Getinge acquires leading manufacturer of Ceiling Hoist Lifters
Getinge has acquired BHM Medical Inc. of Canada. The company develops
and distributes patient handling equipment for Healthcare and Elderly
care. The market for ceiling lifters is growing by approximately 15%
annually and BHM is a world-leader with a global market share of 25%.
Through the worldwide sales and marketing organization of the Extended
Care business area, BHM's strong range of ceiling lifters will be
launched on several markets in Western Europe, where they are not
represented today.
BHM had annual revenues of around SEK 206 million for fiscal 2003/2004.
The company has 130 employees.
In North America the company has a very strong distribution network.
"Through this acquisition, Getinge is adding one more world class
company to the organization", says Vice President Albrecht Knauf. "BHM
based at Magog, Quebec, will be Getinge's competence centre for ceiling
hoist lifters. By utilizing BHM's skills and experience, leveraging on
business area Extended Care's existing sales and service network, we
will see a positive impact on results and sales development in 2005".
The acquisition will contribute by SEK 35 - 40 million to the Group's
pre-tax earnings during 2005, before restructuring costs of
approximately SEK 15 million. BHM's strong cashflow will continue to
develop well during the next fiscal year.
Getinge, 22nd September 2004
Johan Malmquist, President and CEO
For further information:
Ulf Grunander, CFO, phone +46-35 15 55 00
GETINGEis 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 annualized
revenues of SEK 11 billion with 6.600 employees.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
Print this page