Guerbet completes acquisition of Mallinckrodt’s Contrast Media and Delivery Systems business (CMDS)
Guerbet announces that it has completed its acquisition of the "contrast media and delivery systems" (CMDS) business of Mallinckrodt. The new entity brings together 2,500 employees, with a pro forma turnover of about €800M.
- Creation of a world leader in medical imaging
- Approval by anti-trust authorities
- Approval by the Board of Directors on the conditions of the acquisition of the CMDS business
Acquisition creates a global leader specializing in contrast media and imaging solutions and services (ISS)
The acquisition relates to companies with their production sites, intellectual property rights and distribution subsidiaries in the various geographical areas.
With this acquisition, Guerbet will reach a critical size in each segment and geography, with the ambition to join the world top three imaging companies.
Yves L’Epine Guerbet’s CEO commented: "With this transaction, which is essential to our strategy of expansion, we see birth of a leader in medical imaging. Guerbet will be strengthened both in terms of its geographical positions and its portfolio with flagship products in each of its segments. We are happy to be able to count on the highly motivated CMDS teams who are keen to join forces and create, with the teams already in place, the market's first "pure player".