Medical device maker ConvaTec buys Dutch rival for €25m

Wed, 04 Jan 2017 | BUSINESS SALE

UK medical device maker ConvaTec has branched out into Europe with the €25 million (£21 million) acquisition of Dutch rival EuroTec - its first purchase since floating on the FTSE 100 last year.

ConvaTec, which employs more than 9,000 people, is looking to focus on the growing ostomy market, which is set to reach $3.4 billion by 2021, driven by an ageing population and a rise in chronic conditions.

EuroTec, founded in 1996, is the only maker of stoma products in the Netherlands, manufacturing ostomy systems and accessories from its production facilities in Roosendaal.

The deal, which also includes those production facilities, will “significantly strengthen” ConvaTec’s ostomy business in France's Benelux region, said Paul Moraviec, ConvaTec chief executive officer.

“ConvaTec and EuroTec share a common commitment to improving the lives of people with stomas and a dedication to providing quality products, excellent service and personal support,” he added.

“We look forward to working with our EuroTec colleagues to inspire more ostomates to live the life they want.”

ConvaTec, which floated on the FTSE 100 last October, makes devices to help people with chronic conditions, as well as products for wound care, incontinence and critical care. The company is owned by Nordic Capital and Avista Capital Partners.

Find manufacturing businesses for sale.


Share this article



Latest Businesses for Sale

Structural Engineering Design Consultancy
South West, UK

Providing designs that are practical but creative and often innovative, to meet the specific needs of its clients. Supporting sustainable construction methods and experienced in eco-friendly structures such as PassivHaus. Offers invited.

Asking Price: Offers Invited
Turnover: £715,000

LEASEHOLD


Technology & Wearables Brand
UK Wide

An established, proven brand and assets for sale, with considerable multi-million pound growth potential. The company is a designer and supplier of an established audio and wearable technology brand. The products seamlessly link three multi-billion-p...

Asking Price: Offers Invited
Turnover: £5,000,000

RELOCATABLE


Air Conditioning & Refrigeration Products Service Provider
UK Wide

Offers a diverse range of commercial refrigeration and air conditioning equipment throughout the UK. Benefits from maintenance contracts and reactive maintenance. Possesses a strong understanding of all types of cooling solutions and is able to fully...

Asking Price: Offers Invited
Turnover: £6,400,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Nov
 

UK government set to approve Cobham takeover | BUSINESS SALE

The British government is poised to approve the $5 billion t...

 
18
 
Nov
 

Kitwave acquires Alpine Fine Foods | BUSINESS SALE

Independent wholesaler Kitwave has acquired Alpine Fine Food...

 
15
 
Nov
 

Carpetright agrees to shareholder takeover deal | BUSINESS SALE

Carpetright has agreed a deal to be taken over by its larges...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources