GOTHENBURG, Sweden,
Sept. 8, 2014 /PRNewswire/ -- Breas
Medical AB has completed the acquisition of B&D Electromedical,
Ltd. B&D is the market leader in the United Kingdom for medical ventilators and
airway clearance devices. B&D was founded in 1987 and is the
only UK-based manufacturer of ventilators. B&D's NIPPY brand is
well known for quality, reliability, and ease of use. B&D
supports these product features with strong customer
relationships.
B&D's founders will remain with the company post-close to
continue delivering first class customer service and to develop
new, innovative NIPPY respiratory devices and airway clearance
products for the UK and global markets. "Breas and B&D are a
great fit and we look forward to working with the Breas team to
build on the strong NIPPY brand that we helped create," added
Peter Bachelor, B&D
Co-Founder.
"We have known and respected B&D for many years. Our two
companies started at nearly the same time and each grew thanks to
customer focused innovation, quality products, passion for our
customers and patients, as well as an entrepreneurial spirit," says
Nicke Svanvik, Breas Medical
President and CEO. "We will continue to grow as a combined business
under those same core values. Furthermore, our Breas customers in
the UK can now benefit from our expanded capabilities and B&Ds
excellent customer support and service."
"The B&D acquisition solidifies our market leadership in
Europe and is another step in our
strategy to be a meaningful global player in the respiratory
medical device market. We will continue to pursue organic and
inorganic growth opportunities to achieve our goals," says
Paul Manning, CEO of PBM Capital,
the Breas Medical parent company.
In addition to ventilators, Breas, and now B&D, will market
a line of sleep apnea devices including the Z1, the world's
smallest and lightest CPAP machine. The Z1 CPAP device is now
available in the U.S., Europe,
Canada, New Zealand, South
Africa, India, Chile, Malaysia, and Hong
Kong.
About B&D
B & D Electromedical, based in Stratford-Upon-Avon,
Warwickshire, is the only UK Company to manufacture medical
ventilators. The company was founded in 1987 by Peter Bachelor and Noel
Davis, both engineers, with the successful launch of the
NIPPY Ventilator. Both Peter and Noel remain in leading roles
across all aspects of the business, including design, manufacturing
and sales. Visit www.nippyventilator.com for more information.
About Breas Medical
Breas Medical, headquartered in Sweden, is a leading manufacturer of home
respiratory ventilators and sleep apnea products for the global
home healthcare market sold in more than 40 countries. Founded in
1991, Breas employs more than 100 people in nine countries and
operates a 30,000 square-foot manufacturing/office facility in
Sweden. Breas Medical is a
portfolio company of PBM Capital Group. Visit www.breas.com for
more information.
About PBM Capital
PBM Capital is a private investment firm focused on healthcare and
life science investments. PBM Capital acquired Breas in February,
2014 from GE Healthcare, a subsidiary of General Electric Company
(NYSE: GE). PBM Capital invests across all stages of corporate
development: venture capital, leveraged buyouts, growth capital,
distressed/turnaround, and public equity value investing. Portfolio
companies of PBM Capital and its affiliates also include AveXis,
PBM Pharmaceuticals, Enzymatics, Triangle Research Labs, Firefly
BioWorks, Gen 9, and Genometry. Visit www.pbmcap.com for more
information.
Media Contact: Sebastian Mommers,
sebastian.mommers@breas.com, +46 706 22 99 08