Hill-Rom Holdings to Acquire TRUMPF Medical
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By HospiMedica International staff writers Posted on 29 Jun 2014 |
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Hill-Rom Holdings (Batesville, IN, USA), a leading manufacturer and provider of medical technologies and related services for the healthcare industry, has signed a definitive agreement to purchase TRUMPF Medical Systems (Saalfeld, Germany), for approximately USD 250 million in cash.
TRUMPF Medical, the medical unit of the privately held TRUMPF Group (Ditzingen, Germany), a manufacturer of machine tool and laser systems, holds a portfolio of well-established operating room (OR) infrastructure products such as surgical tables, surgical lighting, and supply units. The addition of the TRUMPF line of integrated OR solutions will double Hill-Rom's surgical portfolio, which includes Bard-Parker scalpels, the Allen Advance Spine Table, patient positioning accessories, surgical supplies, and surgical fluids management systems.
The acquisition of the medical technology division of TRUMPF Medical includes the two German factories situated in Saalfeld (Thuringia, Germany) and Puchheim (Bavaria, Germany) and its foreign subsidiaries, and also includes existing sales channels and customer relationships. The acquisition will also strengthen Hill-Rom's geographic footprint in high-growth markets, including Asia/Pacific, the Middle East, Eastern Europe, and Latin America.
“The acquisition of TRUMPF Medical reflects our focused and disciplined strategy to pursue acquisitions that capitalize on Hill-Rom's brand equity in targeted areas, diversify our portfolio and meet our objectives for growth and value creation,” said John J. Greisch, president and CEO of Hill-Rom. “The TRUMPF Medical business expands our portfolio beyond patient handling and mobility with innovative solutions for the operating room, and diversifies our revenue stream with a sizable international surgical platform that will allow us to capitalize on emerging market growth.”
“With Hill-Rom, our Medical technology division has better growth opportunities than TRUMPF, with production technology as its core competence, can give it,” said Harald Völker, Head of Medical Technology in the TRUMPF Group Management. “The product portfolios of both companies enhance each other perfectly, and in international sales, too, we both cover more international markets than either of us would on their own.”
Related Links:
Hill-Rom Holdings
TRUMPF Medical Systems
TRUMPF Medical, the medical unit of the privately held TRUMPF Group (Ditzingen, Germany), a manufacturer of machine tool and laser systems, holds a portfolio of well-established operating room (OR) infrastructure products such as surgical tables, surgical lighting, and supply units. The addition of the TRUMPF line of integrated OR solutions will double Hill-Rom's surgical portfolio, which includes Bard-Parker scalpels, the Allen Advance Spine Table, patient positioning accessories, surgical supplies, and surgical fluids management systems.
The acquisition of the medical technology division of TRUMPF Medical includes the two German factories situated in Saalfeld (Thuringia, Germany) and Puchheim (Bavaria, Germany) and its foreign subsidiaries, and also includes existing sales channels and customer relationships. The acquisition will also strengthen Hill-Rom's geographic footprint in high-growth markets, including Asia/Pacific, the Middle East, Eastern Europe, and Latin America.
“The acquisition of TRUMPF Medical reflects our focused and disciplined strategy to pursue acquisitions that capitalize on Hill-Rom's brand equity in targeted areas, diversify our portfolio and meet our objectives for growth and value creation,” said John J. Greisch, president and CEO of Hill-Rom. “The TRUMPF Medical business expands our portfolio beyond patient handling and mobility with innovative solutions for the operating room, and diversifies our revenue stream with a sizable international surgical platform that will allow us to capitalize on emerging market growth.”
“With Hill-Rom, our Medical technology division has better growth opportunities than TRUMPF, with production technology as its core competence, can give it,” said Harald Völker, Head of Medical Technology in the TRUMPF Group Management. “The product portfolios of both companies enhance each other perfectly, and in international sales, too, we both cover more international markets than either of us would on their own.”
Related Links:
Hill-Rom Holdings
TRUMPF Medical Systems
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