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Announced

Bunzl to acquire Obex Medical for £27m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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New Zealand

Medical Equipment

Acquisition

medical distribution

Private

Majority

Friendly

Single Bidder

Cross Border

Pending

Synopsis

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Bunzl, the specialist international distribution and services group, agreed to acquire Obex Medical, a medical distribution business serving hospitals and other healthcare providers in New Zealand, for £27m. "I am pleased to be able to announce our fourth acquisition of 2021. Obex Medical Holdings is a strong business with an experienced management team that will complement and enhance Bunzl's healthcare capabilities in Australasia. The Group's acquisition pipeline remains active and a number of discussions are ongoing," Frank van Zanten, Bunzl CEO.

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