Medical equipment maker sold to GPE Group

11.2019: GPE Group, a producer of specialized med-tech systems and components, has acquired NICOLAY, a manufacturer of medical equipment based in Nagold, Germany. The combined group will generate revenues of appr. € 85 million annually. NICOLAYs core competences lie in the development and production of non-invasive patient surveillance equipment. The product range extends from existing in-house developments, which can be individually adapted, to tailor-made solutions according to customerspecific requirements. “Both companies complement each other with their different core competences. With the acquisition of NICOLAY, GPE will be able to satisfy the growing demand for complex components in the med-tech industry form a single source” says GPE CEO Steven Anderson. The transaction is still subject to approval by the antitrust authorities.