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

Accountancy Practice: 2 Partnered
Gwent, Wales, UK

This practice, which was established in 1955, is available for sale due to the impending retirement of the partners. Requirements: One of the partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers...

Asking Price: Offers Invited
Turnover: £400,000

FREEHOLD


Accountancy: 4 Partner Practice
Cheshire, UK Wide

This practice, which was established in 2008, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £1,735,000

LEASEHOLD


Accountants: 2 Partner Firm
West Yorkshire, Yorkshire and the Humber, UK

This practice, which was established in 1985, is available for sale due to the impending retirement of the partners. Offers invited.

Asking Price: Offers Invited
Turnover: £360,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
May
 

Greater Manchester staffing firm acquires security services company | BUSINESS SALE

A security services business headquartered in Newton-le-Will...

 
16
 
May
 

Midlothian IT company enters administration with assets up for sale | ADMINISTRATION

An Edinburgh-based IT firm has collapsed into administration...

 
15
 
May
 

Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE

Challenge TRG Group, headquartered in Wigan, has successfull...

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