ConvaTec Enters Agreement to Sell Unomedical Electrodes Business
Skillman, NJ (March 1, 2012) - ConvaTec, a world-leading developer and marketer of innovative medical technologies for community and hospital care, today announced that its subsidiary Unomedical Ltd. has entered into a conditional agreement to sell its Electrodes business, based in Stonehouse UK, to Ambu A/S, a leading player in the field of Anaesthesia, Emergency and Critical Care, with headquarters in Ballerup, Denmark.
The transaction is subject to merger clearance from the UK Office of Fair Trading. Pending merger clearance, the transition of ownership is anticipated to take place in the second quarter.
ConvaTec is a leading developer and marketers of innovative medical technologies that have helped improve the lives of millions of people worldwide. With four key focus areas - Ostomy Care, Wound Therapeutics, Continence and Critical Care and Infusion Devices - ConvaTec products support healthcare professionals from the hospital to the community health setting.
About Ambu A/S
Ambu A/S focuses on developing, manufacturing and marketing of medical devices in the field of Anaesthesia, Patient Monitoring & Diagnostics and Emergency Care. Headquartered near Copenhagen in Denmark, Ambu employs approximately 1,700 people in Europe, North America and Asia Pacific. For more information, please visit www.ambu.com.