German Jostra AG Acquires Danish Specialist for Paediatric Heart Surgery
Hirrlingen/Copenhagen 11th September 2001 – Jostra AG, the leading German manufacturer of medical devices for heart surgery, based in the Baden-Württemberg region of Germany, has acquired the Danish market leader POLYSTAN A/S. The company will be integrated into the Jostra Group and continue its activities as POLYSTAN A/S.
POLYSTAN is a well-established manufacturer of medical devices for both adult and paediatric heart surgery and is one of the world leaders in the paediatric area. With a staff of 130, POLYSTAN sales are over 15 million EUR. POLYSTAN’s products, which are developed and manufactured in Vaerloese near Copenhagen, include oxygenators (artificial lungs), catheters and cannulae, heart-lung machines and biological prostheses as well as specialized monitoring and control equipment. POLYSTAN was established in 1958 and today the company’s products are exported to more than 70 countries and used throughout the world in many major hospitals and clinics performing adult and paediatric heart surgery.
With the 100% acquisition of POLYSTAN we have extended our product portfolio and in future will be able to offer our customers quality products in all areas for the treatment of both adults and children. Now that we cover all fields as a supplier, we are represented in more than 100 countries and have effectively strengthened our international position, according to Jostra’s CEO Christian Palme.
Jostra is a leading manufacturer of disposables and equipment for heart surgery. Following its acquisition of POLYSTAN Jostra expects to have sales of around 150 million EUR and will have more than 1,000 employees worldwide. It was only in July of last year that JOSTRA caused an industry-wide stir when the Baden-Württemberg company went on a shopping trip in the USA and purchased the former Baxter product division of Bentley Cardio-Pulmonary from Edwards Lifesciences, based in Irvine/California. Bentley, now named Jostra Bentley Corp., is one of the leading suppliers of heart surgery products to hospitals and clinics in the USA.
Jostra AG was founded in December 1982 by the current Chairman of the Supervisory Board, Lars Sunnanväder. The company’s headquarters are in Hirrlingen near Tübingen, in the south-west of Germany. Jostra also has production sites in Lund (Sweden) and Puerto Rico. In addition, there are foreign subsidiaries in Sweden, France, Italy, Japan, Spain, USA and China as well as sales offices in Norway, the Netherlands and UK.
Jostra supplies its products to more than 100 countries. The product portfolio includes heart-lung machines, oxygenators (artificial lung), catheters and cannulae as well as implants. Jostra is today one of the world’s leading manufacturers of disposables and heart-lung machines for open-heart surgery.
The company POLYSTAN AS was established in 1958. It is based in Vaerlose, a town near Copenhagen. POLYSTAN employs a total of more than 130 people and markets its products worldwide in more than 70 countries. POLYSTAN runs its own subsidiaries in Belgium, the Netherlands and UK and is a leading manufacturer of medical technology products for the paediatric surgery. In the field of paediatric heart surgery, the oxygenators “SAFE MICRO“ and “SAFE MINI“ are particularly well-known.
For Information Contact:
Mr. Stefan B. Beerhalter, Phone +49 (7478) 921-256, Fax +49 (7478) 921-400
[email protected]
