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Monday, March 7, 2011

Terumo to purchase US medical device firm for $2.6 bln

Terumo Corp (4543.T) said it would buy U.S. medical device company CaridianBCT from a Swedish firm for about $2.6 billion, marking the largest acquisition by a Japanese medical equipment maker. The deal underscores an aggressive push by Japanese firms to take advantage of a strong yen to snap up overseas assets and expand outside their mature home market. Terumo will buy CaridianBCT from Gambro, which is jointly controlled by Investor AB (INVEb.ST) and private equity funds manager EQT IV, in a move Terumo said would catapult it to the top of the global blood tranfusion market from the No. 5 ranking now.

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