The London office of global law firm Squire Sanders recently acted for the shareholders of bedside terminal provider, JAOtech Limited which has been acquired by Barco, one of the world’s leading healthcare imaging specialists.
Barco has acquired UK based JAOtech a leading manufacturer of patient entertainment and point of care terminals for hospitals for an undisclosed consideration.
The acquisition fits within Barco's long term vision of increasing healthcare efficiency and its growth strategy of expanding into multiple healthcare segments.
JAOtech designs are manufactured as medical grade Smart Terminals for bedside applications. Products include an ergonomic range of mounting solutions and accessories such as medical keyboards, arms and wall boxes. The advanced terminals are fully customisable and feature a host of modular options such as barcode scanners, smart card and RFID readers. Over 55,000 systems have been installed in over 200 hospitals worldwide in partnership with approved technology partners.
JAOtech is headquartered in Surrey and has offices in Taipai City (Taiwan), Amsterdam, (The Netherlands), Connecticut (US) and Saarbrücken (Germany) with realised sales of approximately €19,000,000 in 2011.
Barco is a global technology company which designs and develops visualisation products with a variety of selected professional markets. The company is listed on the New York Stock Exchange and Euronext in Brussels and is active in more than 90 countries with approximately 3,500 employees.
Commenting on the acquisition corporate partner David Hull said: “This transaction demonstrates that despite the uncertain global economic conditions, businesses are still retaining an appetite for good quality deals.”
The Squire Sanders team was led by corporate partner David Hull, assisted by senior associate Robert Shakespeare.
The London office of McGrigors acted for Barco.
For further information contact: Beth Reed, Media & Communications Executive Europe & Asia on 0113 284 7236 or at firstname.lastname@example.org