Thomson Geer’s Sydney M&A team recently concluded the acquisition of Austmel Pty Ltd by Swedish-based Getinge Group. Austmel supply healthcare providers, pharmaceutical and medical device manufacturers across Australia with products and services for quality assurance in the handling of sterile goods. The acquired company is based in Queensland and has about 25 employees.
Getinge Group operates in the areas of surgery, intensive care, infection control, care ergonomics and wound care and currently generates sales of SEK 25 billion.
A subsidiary of Getinge Group, Infection Control, already has a market-leading position as the supplier of equipment for infection control. As a result of the acquisition, Getinge will also become the largest supplier of products for the quality assurance of sterile goods in Australia. Additionally, Austmel’s established sales network will facilitate higher sales of the company’s existing range of detergents.