Getinge, a Swedish firm specializing in medical technology, announces that they have acquired Danish counterpart Cetrea for a reported €12 million. As part of the deal, Cetrea will be integrated under the Maquet name.
Despite the acquisition, Cetrea will also continue to operate as a Denmark-registered company. Together, the companies plan to combine Cetrea’s clinical-logistics solutions and Getinge’s operating-room services to target the entire hospital.
For Cetrea, this deal was viewed as an opportunity to greatly expand their geographic reach. The company already serves 70 departments in 20 hospitals throughout Scandinavia with their clinical-logistics business, but they have big ambitions.
According to company CEO Freddy Lykke, “this partnership opens up the global market for Cetrea’s clinical logistics solutions.” And for Getinge, this partnership represents an opportunity to further establish their business in the Danish market.
Unlike a number of businesses we cover, Maquet is quite well-established, having been founded in 1838. The group generates annual sales of more than $3.6 billion and counts more than 15K employees across 40 countries.