(Batesville, Ind.) - Batesville-based Hill-Rom Holdings, Inc. has closed a multi-million dollar deal to acquire a German company.
Hill-Rom closed on its acquisition of Volker Group on Tuesday, the company announced in a press release.
The $85 million deal is expected to strengthen Hill-Rom’s presence in Europe and around the world.
"The combined strength of Hill-Rom and Volker in innovation, product portfolio and operational excellence further develops our company's leadership position in key markets," said John J. Greisch, President and CEO of Hill-Rom. "This is an important milestone and will enable us to expand the presence of our exceptional products to an even greater number of patients and caregivers globally."
The release stated Volker’s portfolio of long-term and acute care bed frames, surfaces and furniture is expected to complement and further diversify Hill-Rom's strong portfolio of patient support systems and other medical technologies.
Volker Group is a private company with annual revenue of $100 million in 2010.
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