Shares in Danish endoscope maker Ambu (CPH:AMBU-B) took a dive today in Copenhagen after it spiked its deal with a U.S. distributor and slashed its outlook on the rest of the year. The Ballerup, Denmark-based company said it’s planning to cut ties with Tri-anim Health Services on the U.S. sales of its aScope pulmonary endoscopes […]
Denmark’s Ambu settles U.S. trade violations for $3.3 million
Ambu A/S will pay $3.3 million to resolve allegations that it manufactured products in China and Malaysia for sale to U.S. government agencies in violation of the federal Trade Agreements Act (TAA), according to the U.S. Department of Justice. The government claims that the Danish medtech company submitted false claims to the Defense Logistics Agency […]
Ambu pays $261m for Invendo Medical
Ambu (CPH:AMBU-B) this week said it agreed to put $261 million on the table for Invendo Medical and its line of disposable endoscopy devices. Copenhagen-based Ambu said it paid $133.2 million (€115 million) up front for Invendo, with another $127.4 million (€110 million) in possible milestones. Those include a $81.1 million (€70 million) payment pegged to […]
Denmark’s Ambu pays $16m for ETView Medical
Ambu (CPH:AMBU-B) agreed to pay $16 million to acquire ETView Medical (TLV:TLV) and its portfolio of airway management devices. The deal calls for Copenhagen-based Ambu to put up $12.3 million in cash and the balance in debt in a “reverse triangular merger” in which Ambu will create a subsidiary, which will buy ETView then be absorbed by Ambu. ETView […]
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