Maquet makes 680M acquisition

NJBIZ STAFF//October 3, 2011//

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Adding to its medical device portfolio, Maquet Cardiovascular, in Bridgewater, announced Monday its acquisition of Atrium Medical Corp. for $680 million.

Through the transaction, which is expected to close in the fourth quarter, Atrium becomes a self-contained business unit of Maquet, and Trevor Carlton, Atrium president, lead the independent segment.

“The acquisition of Atrium is an excellent strategic fit with our long-term business goals as Atrium’s robust product line compliments Maquet Cardiovascular’s existing therapy options and provides additional solutions for the customers that we serve,” said Christian Keller, president and CEO of Maquet, in the announcement.

Maquet is a subsidiary of Getinge Group, based in Sweden, and has 12,000 employees and reported annual revenue of $3.2 billion.