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Getinge strengthens its market position in Brazil in Cardiopulmonary

Getinge strengthens its market position in Brazil in Cardiopulmonary

Getinge’s Medical Systems business area has signed an agreement covering the acquisition of 75% of the shares in Brazilian Comercio E Industria Medica LTDA. The agreement also includes the option to acquire the remaining shares at a future date. The company, based in Sao Paulo, manufactures and markets consumables - so-called custom tubing sets - that are used in heart-lung machines during heart surgery. The market for arrested heart surgery is relatively well-developed in Brazil and amounts to approximately 5% of the global market, with a considerable number of foreign patients. Medical Systems, which previously supplied oxygenators and filters to the company, expects continued rapid growth. The company is being sold by its founder Ademar Araujo, who will remain as President with a shareholding of 25 percent. The company has sales of approximately SEK 25 million and 22 employees. Assets are estimated at approximately SEK 18.2 million and liabilities at SEK 9.2 million. The purchase price amounts to approximately SEK 16.5 million (75%) and corresponds to an EV/EBITA multiple of approximately 4 times, calculated on forecast result for the 2006 fiscal year. The company will become part of the Getinge Group from October 2006 and is expected to contribute to the Group’s income before tax as of the 2007 fiscal year. For further information, please contact: Johan Malmquist, President or Ulf Grunander, CFO

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