Brief: Observe Medical Acquires Urine Measurement Portfolio

Observe Medical ASA

21/10/2022 15:08

Oct 21 (Reuters) - Observe Medical ASA  OBSRV.OL :
    * AIMS FOR A TRANSFORMATIVE ACQUISITION TO BECOME THE
LEADING
URINE MEASUREMENT SYSTEM PROVIDER
    * ENTERED INTO AN EXCLUSIVE AGREEMENT WITH INTENTION TO
ACQUIRE
RIGHTS TO OWN, PRODUCE AND SELL AN EXTENSIVE PORTFOLIO OF URINE
MEASUREMENT PRODUCTS FROM CONVATEC GROUP PLC, A GLOBAL MEDICAL
PRODUCTS AND TECHNOLOGIES COMPANY
    * PRODUCTS OBSERVE MEDICAL INTENDS TO ACQUIRE ARE MARKET
LEADING
IN EUROPE AND IN SEVERAL OTHER COUNTRIES AND HAVE GENERATED
ANNUAL REVENUES OF AROUND EUR 18 MILLION AND WILL CONTRIBUTE
SIGNIFICANTLY TO GROUP'S GROSS PROFIT
    * AGREED PURCHASE PRICE FOR PRODUCT PORTFOLIO IS USD
4,250,000

Source text for Eikon:  ID:nWkr5hDlZ5 
Further company coverage:  OBSRV.OL 
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