Kentucky Trailer rolls on with acquisition of Smit Mobile Equipment
Current Location:
>
> This Story

starstarstarstarstar (1)
Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

Business Affairs Homepage

Siemens to acquire Corindus Vascular Robotics in $1.1 billion deal Royal currently has a 12.8 percent stake in Corindus

Health Catalyst IPO — The Signify View The industry analysts share their perspective on the announcement

RadNet acquires Nulogix, opens new AI division Will develop applications for image interpretation

Carestream completes sale of IT business to Philips in most countries Now part of Philips in 26 of 38 countries where it operates

Siemens rises above $4 billion in revenue in third quarter Revenue rose by 5.8 percent compared to last year

Siemens diagnostics president to step down, new board member appointed CEO Bernd Montag will assume responsibility of the business unit

Four tips to creating greater efficiencies in your imaging department Insights from the data obtained by Definitive Healthcare

Hospital M&A revenue rose to $11.3 billion in Q2 this year Atrium Health acquiring Wake Forest Baptist Health was most notable

Philips Q2 sales helped by Chinese healthcare spending Sales rose in the U.S. and Europe as well

UnitedHealth Group reported strong second quarter 2019 results, beating expectations Total revenues at $60.6 billion, up eight percent year over year

Courtesy of Advanced Mobility
by Kentucky Trailer

Kentucky Trailer rolls on with acquisition of Smit Mobile Equipment

by Gus Iversen , Editor in Chief
Kentucky Trailer announced today the acquisition of Smit Mobile Equipment Company, a leading European provider of advanced mobile medical trailers and relocatable solutions.

Smit comprises two separate business units: Smit Mobile Medical B.V. in the Netherlands, and Smit Mobile Equipment (UK) Ltd., based in the United Kingdom. By bringing both units, (as "Smit") under the umbrella of Kentucky Trailer, the company hopes to expand its mobile medical footprint with an eye on international markets.

Story Continues Below Advertisement

THE (LEADER) IN MEDICAL IMAGING TECHNOLOGY SINCE 1982. SALES-SERVICE-REPAIR

Special-Pricing Available on Medical Displays, Patient Monitors, Recorders, Printers, Media, Ultrasound Machines, and Cameras.This includes Top Brands such as SONY, BARCO, NDS, NEC, LG, EDAN, EIZO, ELO, FSN, PANASONIC, MITSUBISHI, OLYMPUS, & WIDE.



For Charles Ducas, senior vice president of sales and marketing and GM of specialty vehicles for Kentucky Trailer, the two companies were an "exact match" involving business partnerships going back over two decades, (namely, between Smit and Bob Bachman, president of Advanced Mobility by Kentucky Trailer).

"We're investing to build a platform and business model that's going to provide global solutions to both our OEM and our shared medical service providers," Ducas told HCB News, referring to the company's primary customer base.

"As a company that traces its roots back to 1750, it is very exciting for Smit to become part of a company that has its own long and accomplished history, that shares our dedication to excellence in all aspects of product design, manufacturing and customer service. We are excited to combine the strengths of our businesses and capitalize on the significant opportunities resulting from this transaction," said Gerben Smit, president and CEO of Smit, in a statement.

For Kentucky Trailer, this acquisition fits in with a 10 year plan of balancing organic growth with new acquisitions, according to Ducas. The merging with Smit also provides the company with what he called, "a very effective base to service Europe and other parts of the world."

Last year, Kentucky Trailer completed acquisition of Advanced Mobility & Shelter Technologies LLC, which could be seen as a first step toward this current announcement.

The company is currently undergoing expansion into a new 75,000 square foot facility to triple its manufacturing space.

Recapping these announcements in a memo addressed to its customers, Kentucky Trailer acknowledged the changing climate for mobile medical solutions. "For those who endured the severe and sustained market downturn that began in 2007, it appears that our patience is finally being rewarded. To us, it feels like the market rebound may be returning with the same velocity as it contracted beginning in 2007."
 

Business Affairs Homepage


You Must Be Logged In To Post A Comment