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French Cegedim expands in US by acquiring Pulse Systems
29 July 2010 - Cegedim (EPA: CGM), a French healthcare technology and services provider, yesterday said it has bought US sector firm Pulse Systems to expand in the US and gain global market reach.
The price of the deal is expected to be approximately USD58m (EUR44.7m) and a part of it will be based on the achievement of certain targets within the next 2 years.
Cegedim plans to use Pulse´s solutions to grow its US presence and thus step on the global market. In addition, the French company will invest USD13.5m in Pulse´s research and development and marketing and sales activities.
The acquisition will have positive effect on Cegedim´s financial results from the second half of 2010. Pulseâs estimated annual revenue for 2010 is approximately USD16m and is expected to quadruple by 2014.
(USD1 = EUR0.770)
The price of the deal is expected to be approximately USD58m (EUR44.7m) and a part of it will be based on the achievement of certain targets within the next 2 years.
Cegedim plans to use Pulse´s solutions to grow its US presence and thus step on the global market. In addition, the French company will invest USD13.5m in Pulse´s research and development and marketing and sales activities.
The acquisition will have positive effect on Cegedim´s financial results from the second half of 2010. Pulseâs estimated annual revenue for 2010 is approximately USD16m and is expected to quadruple by 2014.
(USD1 = EUR0.770)
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