European Regulators Approve GE's Acquisition of Instrumentarium
By HospiMedica staff writers
Posted on 10 Sep 2003
European regulators have approved the acquisition of Instrumentarium Corp. (Helsinki, Finland) by GE Medical Systems (Waukesha, WI, USA), following GE's agreement to meet concerns expressed by the regulators.Posted on 10 Sep 2003
Under this agreement, GE will divest the Spacelabs business of Instrumentarium and will give the future owner nonexclusive rights to distribute and market certain anesthesia machines of Instrumentarium as well as exclusive rights to distribute and market the Cardio/5 gas monitor in Europe, along with a nonexclusive global gas module supply agreement.
Meanwhile, both companies say they are continuing to work closely with other regulatory authorities to complete the remaining approvals required. GE's tender offer for all Instrumentarium shares and options has been extended to expire ten Finnish banking days after the receipt of the final required regulatory approval.
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