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Share 2016-09-29 15:22 RATOS B 40.38 SEK

Medifiq Healthcare acquires Medisize Medical

2008-02-28

Ratos's subsidiary Medifiq Healthcare has acquired 100% of Medisize Medical, which is a division of the listed Swiss company Medisize Holding. The purchase price amounts to SEK 610m. Willem van den Bruinhorst has been appointed as the CEO of the new group Medifiq Healthcare/Medisize Medical.

 
Medifiq Healthcare has concluded an agreement on acquisition of 100% of the Swiss company Medisize Medical. The purchase price amounts to SEK 610m (Enterprise Value). Medisize Medical operates within medical technology and has three main areas: Airway Management (filters and humidifiers etc.), Pharma Packaging (flexible medical bags, bottles) and Medical Devices (adapters, inhaler apparatus, infuser, array tubes). Production facilities are located in the Switzerland, the Netherlands, Ireland and Czech Republic. The company's sales 2007 amounted to SEK 620m with an operating profit (EBITA) of SEK 60m.
 
The acquisition of Medisize Medical means that a new group will be formed with annual sales of approximately SEK 970m and approximately 1,000 employees.

 

- Ratos CEO Arne Karlsson: "It is gratifying that Medifiq through the acquisition of Medisize Medical can create a large, profitable and international player within medical technology. The acquisition will provide major synergy gains within distribution, production and administration."
 
In 2006, Ratos acquired 78% of the Finnish company Medifiq Healthcare, a world-leading player in development and manufacture of medical devices for delivery and administration of drugs and contraceptives, as well as blood sampling equipment and medical devices for healthcare providers. Medifiq Healthcare has some 430 employees in Finland and the UK.
 
In conjunction with the acquisition Ratos will provide equity of SEK 385m whereby Ratos's holding in the new group increases to 92%.
 
Willem van den Bruinhorst, currently CEO of Medisize Medical, has been appointed as CEO of the new group.

 

- "Willem van den Bruinhorst possesses the long and broad international experience within medical technology that is required for further development of the new group," says Medifiq Healthcare's chairman Lauri Ratia.
 
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 703 79 79 79
Lauri Ratia, Chairman of the Board of Medifiq Healthcare, +358 50 2922
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 707 19 84 43