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Getinge successfully concludes acquisition of High Purity New England, Inc.

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NORDIC BUSINESS REPORT-October 4, 2023-Getinge successfully concludes acquisition of High Purity New England, Inc.

(C)2023 M2 COMMUNICATIONS http://www.m2.co.uk

Global medical technology company Getinge (STO:GETI-B) announced on Wednesday that it has successfully completed its acquisition of 100% of High Purity New England, Inc.'s shares, following the agreement announced on 31 May 2023.

The acquisition was finalized today, with Getinge making a cash payment of approximately SEK1,330m (USD120m) for the shares, on a cash and debt-free basis. Additionally, there is a potential earn-out of up to approximately SEK1,880m (USD170m) contingent on achieving agreed net revenue milestones from 2023 to 2025, payable during 2024 - 2026.

Getinge said that this acquisition, financed using existing cash reserves, is expected to be fully integrated into it's operations by the...

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