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The Servo Story 

"Getinge buys Siemens Life Support Systems"

 

The Servo Story

"Getinge buys Siemens Life Support Systems"

Forty years of innovation in ventilation

The polio outbreak in the 1950s and the beginning of modern Ventilation Therapy

Ventilation after the epidemic – The first mechanical respirators

The Servo revolution

Boldly going where no other ventilator could go before

The Servo 900B – CO2 measurement comes into the mix

The 1980s – Re-setting the world's ventilation standards

An 80s favourite in every department

Servo 300 – Leaping into the age of microprocessing

Working together to be better

Accelerated research and clinical applications

Servo-i – Making waves with modularity

Ongoing clinical and technological development

New lung protective tools

NAVA – The latest standard-setter in mechanical ventilation

True synchrony – For real

What's next

The Servo Story

(Di prossima pubblicazione)

The Servo Story

(Di prossima pubblicazione)

 

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The Servo Story

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

"Getinge buys Siemens Life Support Systems"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

"Getinge buys

Siemens Life Support Systems

for EUR 150 Million

 

 

August 18, 2003
 

 

Sweden's Getinge AB Friday said it has agreed to buy Siemens Life Support Systems, a division of Siemens Medical Solutions, for about EUR 150 million.

 

In addition, Getinge said it will assume net assets worth about EUR 50 million.

 

It said the cost of integrating Siemens LSS is expected to be at most EUR 25 million, resulting in a goodwill value of around EUR 175 million.

 

 

Assuming that the necessary approval from the relevant competition authorities is obtained according to plan, then Siemens LSS will be consolidated into Getinge's accounts from October this year.

 

The financing of the acquisition will be carried out using Getinge's existing credit facilities.

 

Getinge said Siemens LSS is expected to contribute to profits before tax of EUR 10 million-EUR 12 million in 2004 and EUR 17 million-EUR 20 million in 2005.

 

The long-term goal is for Siemens LSS' operating margin after goodwill to be 15%, and a business that is expected to generate sales this year of EUR 205 million.

 

 

Siemens LSS is a division of Siemens Medical Solutions, one of the largest suppliers to the healthcare industry in the world.

 

Siemens LSS develops, manufactures and markets ventilators and anesthesia equipment for the hospital market.

 

 

Siemens LSS is expected to generate a sales turnover of around EUR 205 million during the current financial year, which ends on 30 September.

 

Siemens LSS employs around 720 people worldwide, of which around 400 work at the headquarters in Solna, Sweden, where the division's center for product development, manufacturing and marketing is also located.

 

 

Siemens LSS sells medical technology equipment to around 100 countries annually, having its own sales companies on all significant markets.

 

Siemens LSS, along with the German company Dräger Medical, is the global market leader for ventilation machines for the hospital market, with a market share of almost 30%.

 

In the anesthesiology product area LSS' market share is around 6% globally and puts the company in third place after Instrumentarium of Finland and Dräger of Germany.

 

Over the past few years Siemens LSS has shown sound volume growth driven by successful product launches of ventilation machines.

 

The operating margin for current activities is around 11%."

 

 

 

Source: PCBnewsline