Getinge AB (OTCPK:GNGBY)
$ 17.56 0.01 (0.06%) Market Cap: 4.78 Bil Enterprise Value: 5.60 Bil PE Ratio: 29.32 PB Ratio: 1.68 GF Score: 83/100

Getinge AB to Acquire Applikon Biotechnology B.V. Call Transcript

Dec 19, 2019 / 11:00AM GMT
Release Date Price: $18.09 (+2.09%)
Operator

Hello, everyone, and welcome to today's conference call. (Operator Instructions)

Today, I am pleased to present CEO, Mattias Perjos; and CFO, Lars Sandström. Please go ahead.

Mattias Perjos
Getinge AB - CEO, President & Director

Thank you very much, and welcome to today's call. We would like to go through the background and rationale for the acquisition that we have announced today. So we can move directly to Slide #2, please.

So the headline here is that Getinge has signed an agreement to acquire Applikon Biotechnology, and the rationale for this in essence is that we would like to strengthen the offer to our biopharma customers. As you already know, we are already a world leader in solutions to prevent contamination in pharmaceutical production and to ensure integrity of research results. And with the acquisition of Applikon Biotechnology, we are acquiring a leading company in advanced bioreactor systems for bioprocessing and cell and gene therapy. The company has about SEK 450 million in revenue, and this is entirely towards the

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