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Bunzl to acquire New-Zeland based Obex Medical

StockMarketWire.com

Distribution and services group Bunzl said it had agreed to acquire Obex Medical, a medical distribution business serving hospitals and other healthcare providers in New Zealand.

Obex Medical, headquartered in Auckland, supplied a broad range of healthcare equipment and devices.

Obex generated revenue in 2020 of c.NZD 51 million, or about £27 million.

Completion of the acquisition was expected to take place at the beginning of June.

Story provided by StockMarketWire.com