SIGVARIS Group Acquires Polish Market Leader Pani Teresa Medica
With the acquisition of Pani Teresa Medica, the SIGVARIS Group further strengthens its position in a rapidly growing market. Pani Teresa Medica is renowned for its high medical standards and enjoys the trust of many Eastern European customers. In the course of the portfolio expansion, the SIGVARIS Group keeps placing emphasis on traditional local products which are firmly anchored in their markets. “By taking over Pani Teresa Medica, we were able to acquire an established manufacturer of medical textiles with a strong position in its home market that has been operating successfully for years – with a corporate structure that is comparable to ours and a similar understanding of quality.”, says Urs H. Toedtli, CEO of the SIGVARIS Group.
Andreas Schönenberger, CEO of the SIGVARIS AG and responsible for the country group Europe Central North East, is pleased about the strengthened market position and the opportunities that arise from it. “By sharing our know-how, we create a platform with high growth potential in the Eastern European market, which enables us to open up new markets.”
The Swiss Group SIGVARIS has its headquarters in Switzerland and is the global market leader in the manufacture of medical compression garments. It employs about 1,400 people and has its own production plants in Switzerland, France, the US and Brazil. SIGVARIS is close to its customers, having subsidiaries in Germany, Austria, England, Italy, Canada, China, Australia and the United Arab Emirates as well as distributors in more than 70 countries on all continents. The Group pursues an international growth strategy on the solid foundation of 150 years of success. www.sigvaris.com
Pani Teresa Medica
Pani Teresa Medica is based in Września, Poland and has been manufacturing medical textiles for prophylactic and postoperative use as well as for the sports sector for 25 years. The company, market leader in Poland, employs 120 people and ranks among the leading providers of medical textiles in Eastern Europe. In 2014, the company generated revenue of about PLN 20 million (approx. EUR 5 million).