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Ambu strengthens European presence with Medicotest

This article was originally published in Clinica

Executive Summary

Ambu, which manufactures hospital equipment, is to pay DKr190 million ($24 million) in cash and shares to buy fellow Danish company Medicotest, Europe's leading supplier of disposable electrodes for ECG, neurology and defibrillation applications. Medicotest founder Jan Rasmussen, who holds the absolute majority of shares in the company, will receive DKr117 million in cash. Mr Rasmussen is expected to take a seat on the board.

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