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Date Announced: 16 Jun 2014
Laser giant sells its non-laser medical line-up
Ditzingen, June 16, 2014 – The Medical Technology division of the Ditzingen-based machine tool and laser manufacturer TRUMPF, with its two German factories in Saalfeld (Thuringia) and Puchheim (Bavaria) and its foreign subsidiaries, is to be acquired by the American medical technology manufacturer Hill-Rom Holdings, Inc. TRUMPF and Hill-Rom have signed the relevant contracts.
"With Hill-Rom, our Medical technology division has better growth opportunities than TRUMPF, with production technology as its core competence, can give it," said Harald Völker, Head of Medical Technology in the TRUMPF Group Management.
Hill-Rom, founded in 1929, is an internationally recognized manufacturer of medical products (including hospital beds, patient lifts, and patient positioning systems in operating rooms).
TRUMPF Medical Systems focuses on innovative system solutions for operating rooms and intensive care units; the portfolio includes operating tables, operating lights, ceiling-mounted supply units, video solutions and assistance-systems. Völker added: "The product portfolios of both companies enhance each other perfectly, and in international sales, too, we both cover more international markets than either of us would on their own."
This will have positive effects on the development of the division: "It was important to us that our medical technology sites would not only be secured but also strengthened by this sale", said Völker. The jobs in both Saalfeld and Puchheim as well as in the international sales units will be maintained. "What's more, joining forces with Hill-Rom offers excellent prospects for rapid and sustainable further development of the German and foreign sites."
Completion of the sale is still subject to the usual approval required from the anti-trust authorities, and is expected to be concluded by the end of third quarter, 2014.
The Medical Technology division of the TRUMPF Group has around 720 employees worldwide, and in the 2012/13 fiscal year registered sales of 184 million Euro. The two main sites of TRUMPF Medical Systems are located in Saalfeld in Thuringia and Puchheim near Munich.
Source: Trumpf
E-mail: via web site
Web Site: www.trumpf.com
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