Getinge to acquire Pulsion Medical Systems
Getinge intends to issue a public tender offer to acquire hemodynamic monitoring leader in Pulsion Medical Systems SE, listed on the German Stock Exchange. The all-cash offer will be financed through a new credit facility and will be made by a wholly-owned German Getinge subsidiary in accordance with the German Securities and Takeover Act.
Pulsion is a leading provider of specialty monitoring solutions for critically ill patients. The company had revenues of EUR 34.6 million in 2012, with approximately 130 employees globally and sales subsidiaries in the US, Germany, Austria, Switzerland, UK, Benelux, France, Poland, Spain, Turkey, Mexico and Australia.
The Getinge Group is a leading global provider of equipment, systems and solutions within healthcare and the life sciences. The Group has around 15 000 employees, over 100 proprietary sales companies globally, and 28 production facilities in nine countries. In 2012, net sales amounted to SEK 24.2 billion. The Getinge share is listed on NASDAQ OMX Stockholm.
Getinge is being advised by Mannheimer Swartling in the transaction on legal issues related to acquisition financing. The firm’s team includes Zoran Stambolovski and Rickard Carrick.