Haag-Streit has been acquired by Metall Zug

Metall Zug Group has signed an agreement to acquire 70% of the medtech group Haag-Streit Holding AG, based in Köniz, Switzerland. The remaining 30% of Haag-Streit will continue to be held by family shareholders with Christoph Haag as their representative in the board. The transaction is expected to be concluded during the first quarter of 2018.

Haag-Streit develops, produces and distributes high-quality products and services for diagnosis and surgery, mainly in the fields of ophthalmology and surgical microscopy. The diagnostics segment includes slit lamps, biometry, perimetry, tonometers, workflow networking software for clinics and opticians and practice equipment. The surgical segment includes microscopes, carrier systems and accessories. The company’s other activities cover applications in the fields of pulmonology and measuring instruments. The company generates sales of approximately CHF 200 million and an EBITDA of some CHF 30 million with around 900 employees.

The parties have agreed not to disclose any financial details. Metall Zug is in a position to finance the purchase price from available liquid funds.

Lincoln International acted as the sole mergers and acquisitions advisor to Metall Zug on this transaction, supporting the acquirer in all aspects of the transaction — including process management, valuation, due diligence and negotiation support.

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