Strategic acquisition of Duo-Med in Belgium
(Thomson Reuters ONE) - ARSEUS MEDICAL STRENGTHENS MARKET POSITION IN BELGIUM AND THE NETHERLANDSWaregem (Belgium), 30 September 2009 - Arseus has completed theacquisition of Duo-Med, a leading supplier of innovative medicaltechnology to hospitals in the Benelux. Duo-Med realised turnover ofapproximately ?6 million in 2008, with a double digit EBITDA margin.The acquisition will make a positive contribution to Arseus Medical'sprofitability.The acquisition of Duo-Med is consistent with Arseus Medical'sstrategy of focusing on offering highly distinctive medical productswith substantial added value. Duo-Med specialises in niche productsused in open and minimally invasive abdominal, gynaecological andurological surgery. Duo-Med also has a well-filled pipeline of newtechnologies, offering high added value, in growth markets such asobesity, micro laparoscopy and colorectal surgery. Duo-Med's productrange perfectly complements Arseus Medical's offerings.Mario Huyghe, CEO of Arseus Medical: 'The acquisition of Duo-Med fitsperfectly with Arseus Medical's growth strategy, focusing onexclusive distributorships for high added value products in healthcare. Many of Duo-Med's distributions are also exclusive for theBenelux, creating immediate opportunities to launch thesehigh-quality medical products, which have been such a success inBelgium, in the Netherlands as well via the Arseus Medical team. Thiswill enable us to accelerate the growth of our business in the Dutchmarket.'Ger van Jeveren, CEO of Arseus: 'The Duo-Med acquisition will advanceand reinforce Arseus Medical's leading position in the Benelux and isconsistent with the strategy adopted in 2009. It will pave the wayfor Arseus Medical's sustained growth as a focused distributor ofhigh-quality medical solutions and consumables.'Duo-Med's results will be included in the consolidation with effectfrom 1 September 2009.This is a translation of the Dutch press release; the Dutch pressrelease prevails.Please open the link below for the full press release:http://hugin.info/138311/R/1344794/322573.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.09.2009 - 07:45 Uhr
Sprache: Deutsch
News-ID 6385
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