NBGI said the newly formed group, which will be renamed Praticima and will have combined revenues of €25m, is well-placed to become the market leader in creating and distributing modular storage and equipment products to the healthcare industry.
Full financial terms of the deal were not disclosed.
Cima offers modular equipment for the storage and administration of drugs and care in healthcare establishments, as well as medical equipment for patient assistance under the Altitude brand and medical and rest chairs under its Pierson brand.
The acquisition of Cima doubles the size of the group and adds further development potential.
The combined group will be led by Régis Guitard, the current chairman of Praticdose and the former manager and founder of D’Medica, a distributor of medical equipment and one of Praticdose’s main clients, which is now part of the WELCOOP Group.
“Following a successful reorganisation of the management team at Praticdose, this partnership with Cima constitutes exciting opportunities for the combined team which will benefit from the better market coverage ensured by this deal,” said Guitard.
NBGI bought Praticdose in 2010 through Private Equity France Fund I, a €100m vehicle targeting small to mid-sized businesses in France.
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