Announced
Financials
Sources
Tags
Private
Cross Border
Private Equity
Majority
Germany
disposable surgical devices
Medical Supplies
Acquisition
Pending
Friendly
Single Bidder
Synopsis
DCC, an international sales, marketing, and support services group, agreed to acquire Medi-Globe Technologies, an international medical devices business focused on minimally invasive procedures, from Duke Street, a private equity firm, for €245m. "The synergistic acquisition of Medi-Globe significantly expands and enhances DCC Vital's position in the medical devices sector. It will create a leading international platform in single-use medical devices for minimally invasive procedures, with strong product development capability. The acquisition of Medi-Globe and other recent acquisitions in DCC Healthcare and DCC Technology are consistent with our ambition to really scale our operations in these higher growth sectors. We are very pleased with DCC Vital's progress in expanding its market positions beyond Britain and Ireland - we now have strong European growth platforms in both medical devices and primary care supplies," Donal Murphy, DCC CEO.
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