Getinge acquires US Disinfection Business
Getinge acquires US Disinfection Business Getinge Industrier acquired MTP Corporation in Niagara Falls, N.Y. USA as per 31 December 1998 The company develops, manufactures and markets washer disinfectors for the Life Science market in the US and Canada valued to appr. 20 million USD. MTP's sales turnover is appr. 3.5 million USD and the company employs 30 persons. The acquisition will result in substantial synergies MTP will generate substantial synergy within Getinge's existing manufacturing structure in the US. The MTP product range will be marketed by Getinge's nationwide sales organization in the US. Positive effect on results The acquisition will contribute to Getinge's results before tax in the current year. Getinge Industrier is a medical-technical Group, and a world leader in the fields of sterilization, disinfection, patient handling and hygiene systems. The Group has 3,500 employees and had a sales turnover of SEK 4.6 billion in 1997. th Getinge, 4 January 1999 Johan Malmquist President and CEO For further information: Johan Malmquist, phone No +46-35-15 55 00 GETINGE INDUSTRIER AB Phone +46 35 15 55 00 VAT No SE556408503201 (publ.) P.O. Box 69 Fax +46 35 549 52 Org.No. 556408-5032 SE-310 44 GETINGE Registered office: Halmstad Sweden ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/04/19990104BIT00310/bit0001.doc http://www.bit.se/bitonline/1999/01/04/19990104BIT00310/bit0002.pdf