News
GILD Bankers advised on the trade sale of Viltechmeda, one of the leading producers of high tech medical devices in Europe
Moog Inc., a worldwide designer, manufacturer and integrator of precision control components and systems, has acquired 100% of the stock of Viltechmeda, a Lithuanian-based manufacturer of high-precision syringe infusion pumps, from Hanseatic Capital and a group of Lithuanian private individuals. The purchase was made for EUR 15 million (USD 21 million). In this transaction GILD Bankers advised the selling shareholders and contributed to finding the acquirer through the global M&A International alliance.
GILD Bankers Partner Šarūnas Skyrius comments: "Sale of Viltechmeda to a strong global player is not only a remarkable development for the company in question, but it evidently proves that top companies can find the right buyer even in this challenging environment. Viltechmeda's sales geography and a world-class R&D team are a good match with Moog, and we wish them all the best in the future."
Moog Inc. is listed on New York Stock Exchange and focuses on the production of high-performance systems for military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, marine and medical equipment. The acquisition complements Moog's current medical devices product line.
Founded in 1993, Viltechmeda has a product portfolio that includes syringe infusion pumps for general hospital use, operating rooms and patient controlled analgesia.
GILD Bankers is the leading Baltic investment bank active in Emerging Europe. The core services of GILD are management of alternative funds, investment banking and private banking. Baltic countries are our home markets, but the area of our activities and investments extends to the CEE and CIS region.
GILD Investment Banking team focuses on mid-market M&A advisory and capital raising transactions. Since 1999, GILD has advised and successfully completed more than 135 transactions with a combined value around EUR 3 bn. In 2008, GILD Investment Banking team has advised and completed 11 transactions. GILD Investment Banking unit is a member of M&A International, a global alliance of 41 independent M&A advisory and investment banking firms in 38 countries.
For further information, please contact:
Kadri Kütt
GILD Bankers Communication Manager
+372 56 800 467
kadri.kytt(at)gildbankers.com