Swindon-based outsourced health services provider Synergy Health has acquired US sterilisation company BeamOne for £21.5 million.
The deal includes a deferred cash consideration of up to a maximum of £12.3m – depending on the performance for the year ending 1 April 2012.
Richard Steeves, chief executive of Synergy Health, said: “This is a significant step for Synergy, providing us with an entry into one of the world's largest and most established sterilisation markets. BeamOne is the leading e-beam sterilisation provider in the US and by joining our network, we will create the second largest, global outsourced sterilisation business in the world.
“BeamOne is a cultural and technological match to our own corporate philosophy. The blending of these two highly capable businesses will provide tremendous benefits to the health care and medical device manufacturing industries. The new team will allow us to expand our technologies into the Americas and further enhance our technological capabilities in the electron beam sectors of our other international markets.
“The recent acquisitions reflect Synergy's stated strategy to become a global leader in applied sterilisation services within the healthcare market for medical device manufacturers, hospitals and other healthcare providers.”
