SAN JOSE, Calif.--(BUSINESS WIRE)--A&D Company today announced it has entered into a definitive agreement to acquire the necessary business assets of the Toronto-based Auto Control Medical. With the acquisition, Auto Control Medical will initially operate as a division of A&D Canada, Inc., a subsidiary of A&D Company.
“Auto Control Medical has established themselves as one of the premier distributors of hypertension, diabetes and respiratory products in Canada,” said Terry Duesterhoeft, President & CEO of A&D Company, Americas. “This acquisition allows A&D to expand its product range and application experience across the Americas by leveraging the successful business Auto Control has built in our core business as well as market segments new to A&D.”
Under the direction of its leadership team, Auto Control Medical has developed an extensive customer network in its more than 17 years, and distributes healthcare products through pharmacies, home care stores and other channels throughout Canada.
Following the acquisition, Auto Control’s current executive team, as well as its sales team and support staff, will continue to manage the company as part of A&D Canada to build on its forward momentum.
“Auto Control’s experience in developing a strong share of the market for hypertension and diabetes monitoring products will be transformational for A&D, allowing us to maintain and expand new customer relationships with an even greater focus on the Canadian marketplace,” said Duesterhoeft. “At A&D, we share a common vision for innovation and integrity with Auto Control, and together we can deliver even greater value to the Canadian healthcare community.”
“We look forward to building on the established relationships we have forged with both suppliers and customers,” said Robert Burgy, President of Auto Control Medical. “We anticipate continued growth and look forward to serving the marketplace as we have in the past nearly two decades.”
The transaction is scheduled to close by January 2016, and is subject to third party approvals, customary closing conditions and the satisfaction of other requirements as detailed in the agreement.
About A&D Company, Inc.
A&D Company is a global, multi-industry company engaged in the development, manufacture and sale of precision measurement solutions for a range of vertical markets, including healthcare, automotive, precision manufacturing, and many others.
Its healthcare division, A&D Medical, provides a full line of advanced biometric monitoring solutions including blood pressure monitors, weight scales, activity monitors, and other health monitoring devices for consumer and professional use. A&D Medical is a market leader in connected health, providing devices and solutions for consumer wellness and chronic condition management, marketing under the A&D Medical brand globally and also the LifeSource brand in North America.
For general information about A&D Medical, please visit www.andonline.com.
For
more information about Auto Control Medical, please visit www.autocontrol.com.
