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Monday, March 7, 2011

Terumo to purchase US medical device firm CaridianBCT for $2.6 bln

Japanese medical equipment firm Terumo Corp plans to buy U.S. medical device company CaridianBCT from Sweden's Gambro AB for $2.6 billion, joining a list of firms eyeing to expand abroad via acquisitions. The acquisition, the biggest-ever in Japan's medical equipment sector, comes as the country's pharmaceutical companies gear up overseas buys to leverage the yen's strength and bolster product pipeline. Terumo will buy CardianBCT from Gambro, which is owned 49 percent by Investor AB and remaining by EQT IV, in a move that will make it the world's biggest equipment maker for blood banks.

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