The Getinge Group Story
This is the story of a company from a small rural town in southern Sweden that grew into a global medical technology leader. This is the story of Getinge Group, today employing more than 15,000 people in over 40 countries.
In 1904, the Swedish entrepreneur Olander Larsson started a business manufacturing agricultural equipment in the town of Getinge, and named his company after the town. It thrived, and quickly began to sell beyond Sweden.
Diversification and global expansion
In 1932, Getinge made a move into medical technology, producing sterilizers for medical equipment. In the 1960s, Electrolux acquired Getinge; as the world's second-largest household appliance maker, Electrolux was able to help Getinge expand globally by leveraging its vast international network.
Leadership in Infection Control and Sterilization
In 1989, Swedish entrepreneurs Rune Andersson and Carl Bennet acquired Getinge from Electrolux. A new era of expansion and development began: In the ensuing decades, over 15 different companies would be acquired across Europe and the US, each one broadening and strengthening Getinge's business. Getinge became a global leader in the infection control and sterilization business.
The story of Getinge is also about growing a financially strong and prosperous company. Getinge went public in 1993, listing its shares on the Stockholm Stock Exchange (NASDAQ OMX). At the time, Getinge employed 750 people, with SEK 600 million in revenue.
Building the Extended Care business
In 1995, Getinge Group expanded its product range to medical beds, patient lifts and bathing solutions, by acquiring the Swedish company Arjo. Arjo became the core of a new business area — Extended Care. In 2007, the business area continued to develop by the acquisition of Huntleigh Technology PLC. The merger of Arjo and Huntleigh created a global leading player with a comprehensive product portfolio and service offering in the areas of patient handling, wound care and patient hygiene.
Further expansion formed Medical Systems
In 2000, the acquisition of Maquet allowed Getinge Group to start provisioning operating theatres. Ever since Maquet's founding in Germany in 1838, it has helped hospitals with innovative products such as the first motorized operating table. A Maquet table was used for the first heart transplant surgery in 1967, in South Africa. Today Maquet is at the core of a third business area, Medical Systems. The acquisition of Jostra (heart-lung machines) and Siemens LSS (ventilators) in 2003 broadened the business area, allowing it to become even more patient-centric.
A growing presence in the field of cardiovascular
Since 2008 Getinge Group has also contributed to advancements in the field of cardiology. With acquisitions such as Datascope, Atrium and the Cardiac Surgery and Vascular Surgery divisions of Boston Scientific Corporation, Getinge can now cater to all needs in the operating room.
Since its listing on the Stock Exchange in 1993, the Getinge Group has grown sales at an average of 17 percent per year, achieved through a combination of organic growth and acquisitions. In 2015, revenues were almost 30 billion SEK, with a vision to grow them to 50 billion SEK per year in the next few years. The Getinge Group is a leader in its chosen business segments. More than 15,000 employees worldwide are dedicated to improving the quality of patients' lives while providing quality enhancement and cost efficiency to clinical staff. Our separate business areas merged into one single company in January 2016 as a step towards providing even more customer value.
Our Vision: To be the world’s most desired medtech company
Getinge’s genuine compassion for people, combined with purposeful innovations and a unique total offering, contributes to improved healthcare all over the world. This is the foundation of our role as a sustainable company that is desired by stakeholder groups, such as customers, employees and shareholders, today and in the future.