Donaldson Company, has recently finalized a definitive agreement to acquire a 49% stake in Medica S.p.A. (Medica), a prominent player in hollow fiber membrane filtration technology for medical devices and water purification. Medica, headquartered in Medolla, Italy, has a global workforce of over 700 employees and achieved €80 million in revenue in 2023.

Founded in 1985, Medica specializes in hollow fiber membrane filtration products used for blood purification in various medical applications like dialysis, continuous renal replacement therapies (CRRT), and therapeutic apheresis. Additionally, their products are utilized in microbiological water purification and automation solutions for disposable medical device manufacturing.

Praised Medica's expertise and manufacturing capabilities in hollow fiber membrane filtration technology, highlighting their track record of delivering innovative, high-margin products across multiple markets.

The acquisition process involves a voluntary tender offer on the ordinary shares of Medica, announced. An Italian company wholly owned by Donaldson. Upon a successful tender offer, Donaldson will initially acquire a 49% stake in Medica, with the option to acquire the remaining 51% in the future.

The transaction is expected to be completed by the third quarter of 2024, after which Medica's earnings will be integrated into Donaldson's Life Sciences segment.

Provided forward-looking statements regarding future events and expectations, including forecasts, plans, and projections related to the company's business and financial performance.

These statements are subject to various risks and uncertainties, as detailed in Donaldson's Annual Report on Form 10-K for the fiscal year ended July 31, 2023.

The company reaffirms its commitment to updating or revising forward-looking statements as necessary in compliance with legal requirements. The results presented are preliminary and subject to revision until formally filed with the United States Securities and Exchange Commission.

Source: businesswire.com

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