Their blood pressure monitoring technology is a perfect complement to Riester’s own clinical grade blood pressure monitoring devices and this acquisition allows the two companies to work together to further develop their markets and products.” Andrew Williams, Halma’s Chief Executive, stated, “The acquisition of SunTech continues our strategy of building strong positions in markets with resilient long-term growth drivers. SunTech will join the Health Optics business within Halma’s Health and Analysis sector, which includes Riester, Keeler, Volk and Accutome. We are excited to join the Halma team and continue to develop innovative blood pressure monitoring technologies.” Dayne McBee, CEO of SunTech commented, “We are extremely pleased with the transaction outcome. BDA served as a joint financial advisor to SunTech in the transaction along with Greene Holcomb & Fisher (“GH&F”).įollowing the transaction, SunTech management will remain in place and continue to operate the business. Business Development Asia LLC (“BDA”) is pleased to announce that SunTech Medical Group Limited (“SunTech”), a pre-eminent supplier of clinical grade non-invasive blood pressure monitoring products and technologies, has been acquired by Halma plc (“Halma”), a U.K.-based developer of hazard and life protection products.
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