- Health Is Wealth
- Posts
- Dedalus announces takeover bid for Agfa's IT division
Dedalus announces takeover bid for Agfa's IT division
[ad_1]
The proposed transaction is subject to employee consultation, regulatory approvals and closing conditions. "On the basis of a positive conclusion of the negotiations, the transaction would be finalized during the second quarter of 2020," said Agfa in a statement.
At the end of this transaction, Dedalus would acquire 100% of Agfa-Gevaert's IT division "for an enterprise value of 975 million euros, subject to the current capital and debt adjustments", a it has also been specified by the Belgian group.
The areas affected by this sale are France, the "DACH" region (Germany, Austria and Switzerland) and Brazil.
The sale of the computer division of Agfa-Gevaert was announced in May, it is recalled.
In France, Agfa Healthcare equips several hospitals, including the Assistance Publique-Hôpitaux com Paris (AP-HP), with its Orbis patient information system (IS).
Towards a giant of health software
If these exclusive negotiations succeed, the operation would create the European leader in the health software sector, particularly in the hospital sector.
Agfa-Gevaert's entire IT division, which includes part of Agfa Healthcare's healthcare business through its hospital IT and healthcare business, as well as its imaging IT business, generates a total of business of approximately 260 million euros.
The Dedalus combined group "would be present in more than 30 countries and occupy a leading position in Italy, Germany and France", for a turnover of 470 million euros, said the Italian company in its press release .
As a reminder, in 2016 the French company Medasys was bought by the Italian group Dedalus, itself 60% owned by Ardian.
In April 2019, Medasys (which publishes in particular the computerized patient record software (DPI) DxCare) changed its name to become Dedalus France. The aim was then to "drive" a "new dynamic" in line with Dedalus' "D4" strategy emphasizing backward compatibility and interoperability and to "accelerate" the group's growth in Europe, since France.
[ad_2]