Acquisition
09 Setembro 2003 - 4:02AM
UK Regulatory
RNS Number:5338P
Gyrus Group PLC
09 September 2003
9 September 2003
Gyrus Group PLC
Gyrus Announces Acquisition of Entermed BV
Reading, UK - Gyrus Group PLC, (GYG.L) a leading supplier of medical devices to
reduce trauma and complications in surgery, today announces the acquisition of
Entermed BV, a distributor of medical products in Benelux.
Entermed BV currently distributes Gyrus' range of ENT products and a broader
product portfolio to surgeons in Benelux. The acquisition of Entermed BV
provides Gyrus with a platform to grow its revenues in Benelux and reflects the
Group's strategy of expanding its direct selling model.
Entermed BV had revenues of circa Euro5.2 million in the last twelve months. Gyrus
is paying a total consideration of up to Euro2.1 million in cash over the next
twenty-four months including Euro0.5 million upfront to acquire Entermed BV.
Enquiries:
Gyrus Group PLC On 9 September 2003
Brian Steer, Executive Chairman Tel: 0207 831 3113
Mark Goble, Group Managing Director Thereafter:
Tom Murphy, Group Finance Director Tel: 01189 219750
Financial Dynamics
Ben Atwell Tel: 0207 831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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