Laborie Medical Technologies Inc, a portfolio company of U.S. private equity firm Audax Group, has bought Medical Measurement Systems BV (MMS), a Dutch developer and distributor of medical diagnostic systems for urodynamics, gastroenterology and neurology. The financial terms of the deal were not disclosed. Laborie, a manufacturer of medical technology and consumables, said it will gain opportunities by leveraging MMS’ products platform and will extend its global reach through MMS’ distribution network. Based in Toronto, the company was acquired by Audax in 2012.
LABORIE Acquires Medical Measurement Systems
TORONTO, April 13, 2015 /PRNewswire/ — LABORIE Medical Technologies (“LABORIE”) has completed its acquisition of Medical Measurement Systems (“MMS”). MMS is headquartered in Enschede, The Netherlands, with a German subsidiary in Bottrop and US operations in Dover, New Hampshire. MMS is a global market leader in Gastrointestinal Diagnostics and Urodynamics.
LABORIE’s acquisition of MMS extends its Gastroenterology product offering following its acquisition of Unisensor in October 2014. Additionally, MMS’ Urodynamic product lines complement LABORIE’s Urodynamic product offering and extend its global reach.
“This is a very strategic acquisition for LABORIE,” stated Brian Ellacott, LABORIE President and CEO. “MMS has developed user-friendly products based on a unique platform that simultaneously supports Urology and Gastroenterology customers. We see tremendous opportunities to leverage this single platform across all our products and extend our global reach through the MMS global distribution network. We see this as a very complementary acquisition.”
MMS President, Arjen de Weerd stated, “We are very pleased to be part of the LABORIE team. The combined resources of these two innovative companies, will allow us to develop the “next generation” products our customers are requesting and expand our footprint globally. Both I and co-founder Jan-Willem van der Wal are eager to participate with the LABORIE team in building truly innovative products for the GI and Urology markets.”
LABORIE, headquartered in Toronto, Canada, is a leading global developer, manufacturer and marketer of innovative medical technology and consumables for the diagnosis and treatment of Urinary and Fecal Incontinence, as well as other pelvic floor disorders in the Urology, Gynecology, and Colorectal fields. LABORIE is a portfolio company of Audax Private Equity.
For more information regarding LABORIE’s comprehensive line of products, please visit www.laborie.com or call +1 905.612.1170.
SOURCE LABORIE Medical Technologies
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