Getinge makes strategic acquisition with significant growth potential
As part of the Group’s
strategy to complement its own product development, Getinge
Industrier has acquired all of the shares in Gestion
Techno-Médic of Saint-Hyacinthe (Quebec) Canada. The company has
sales of around SEK 22 million and 25 employees.
Techno-Médic’s main product
is a unique ceiling-mounted hoist. The worldwide hoist market
amounts to around 10,000 units and is mainly concentrated in
north-west Europe and Japan. Arjo’s current sales of hoists
are relatively limited, corresponding to a market share of 5
– 10% globally.
"Through a combination of
Techno-Médic’s uniquely competitive product and Arjo’s
global sales organisation, the Group expects to see a
considerable expansion over the next one to three years. Above
all, the North American ceiling-mounted hoist market is currently
underpenetrated and Getinge considers its potential to be
huge," says Johan Malmquist, Getinge Industrier’s
President and CEO.
It is calculated that the
acquisition will have a positive impact on the Group’s EPS
with effect from 2001.
Getinge, 2 June 2000
Johan Malmquist
President and CEO
For further information please
contact Johan Malmquist phone +46-35155533
Getinge Industrier
is a medical-technical Group and a world leader in the
fields of infection control, patient handling equipment and
hygiene products for the elderly and disabled. The Group had
sales of SEK 4,885 million in 1999 and 3,800 employees.
| GETINGE
INDUSTRIER AB (publ.) |
Phone +46
35 15 55 00 |
VAT No
SE556408503201 |
| P.O. Box
69 |
Fax +46
35 549 52 |
Org.No.
556408-5032 |
| SE-310 44
GETINGE |
www.getinge.com |
|
| Registered
office: Halmstad |
|
|
| Sweden |
|
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Please visit http://www.bit.se for further information
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