Hill-Rom Holdings said it acquired Liko France and Liko Care AG, which have served as Hill-Rom's distribution companies in France and Switzerland.
Hill-Rom acquires two European distributors
The medical-equipment manufacturer acquired Liko, a lifts and slings manufacturer that was based in Lulea, Sweden, for $183 million in 2008. Liko France and Liko Care AG have functioned as distributors selling Liko products.
The approximately $20 million deal is part of the Batesville, Ind.-based company's international expansion, Hill-Rom said in a news release. It is expected to add about $15 million to the company's annual revenue.
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