Defibtech, a medical device manufacturer based in Guilford, Connecticut, has agreed to an acquisition by Nihon Kohden, a large Japanese medical device company.
Defibtech is a prominent manufacturer of defibrillators for the U.S. market. Nihon Kohden is the second Japanese manufacturer that has made moves into the U.S. defibrillator market in 2012. Earlier this year, Asahi Kasei, a Japanese manufacturing company, bought defibrillator-manufacturer Zoll for $2.2 billion dollars.
However, there are some key differences between the two acquisitions. While Asahi Kasei is a diversified chemical manufacturer, the Japanese Nihon Kohen concentrates on defibrillator products.
In prepared remarks, CEO Dr. Glenn Laub said, "Defibtech will not only continue expanding its AED product lineup, but also plans to develop and market other resuscitation solutions." He continued, "Over the past decade, having deployed more than 160,000 AEDs worldwide, we are a steadily growing force in the resuscitation market. We want to continue that growth."
According to a press release from the company, Defibtech will continue to operate independently for the foreseeable future. The company will operate as a subsidiary of Resuscitation Solution Inc. Resuscitation Solution is the Delaware-based U.S. branch of Nihon Kohden.