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NEW MAJORITY SHARE HOLDER – SMG

Date 09-04-2018NEW MAJORITY SHARE HOLDER – SMG

We are pleased to announce that Archimed, a leading European strategic and financial partner for Healthcare companies, has acquired a majority stake in Soest Medical Group (SMG), the holding company of Eurotape and Somed. The existing management team of SMG: Hans van der Meer (CEO), Miguel Pablo (CCO) and former owner Jan Holtrop, reinvested their shares alongside Archimed as part of the transaction. We wish to emphasize that as a result of this transaction we will continue to provide to our customers the high level of service and differentiated products that has characterized Eurotape and Somed so successfully over the last years. Eurotape and Somed have developed a sustainable market leadership position in the medical adhesives' space in Europe and beyond and will now have the chance to extend to new segments of the market with the support of specialist investors, such as Archimed who are able to provide access to their valuable international healthcare network.

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