March 21, 2006 - Eynsham, UK
SunTech Medical Group Limited has acquired Oakfield Instruments Limited. Oakfield specializes in the design, development, manufacture and distribution of gastrointestinal pressure, pH monitoring equipment and urology products.
Oakfield Instruments market their products under the FLEXILOG brand and are headquartered in the UK. The Company will continue to be run by its existing management team following the acquisition.
"We are very excited about the benefits that this acquisition will bring," said John Giddings, Managing Director, Oakfield Instruments Limited. "The financial investment and managerial support provided by SunTech Medical Group will enable Oakfield to accelerate its existing product development plans, enhance its marketing efforts and extend its current export activities."
Currently a world leader in motion-tolerant, non-invasive blood pressure monitoring products and technology, SunTech Medical Group will now have a presence in two new medical diagnostic markets.
"There is significant potential in Oakfield Instruments and we are happy to have secured ownership of such a strong brand name as FLEXILOG" according to John Laurie, Chairman of SunTech Medical Group Ltd. "The acquisition is the next step in our plans to develop and grow SunTech Medical into a focused medical diagnostics business."
About SunTech Medical:
SunTech Medical Group Ltd is a privately owned holding company headquartered in Eynsham, UK and operates through subsidiaries in Research Triangle Park, North Carolina, USA and Oxfordshire, UK. SunTech Medical offers products for 24-hour ambulatory BP monitoring, cardiac stress BP monitoring, customizable OEM NIBP modules and blood pressure cuffs.
SunTech Medical, Inc., located in Research Triangle Park, N.C. is the world leader in motion-tolerant non-invasive blood pressure monitoring products and technology. SunTech offers products for 24-hour ambulatory BP monitoring, cardiac stress BP monitoring, customizable OEM BP modules and blood pressure cuffs. SunTech Medical, Inc. is a wholly owned subsidiary of SunTech Medical Group Limited, a privately owned holding company focused on medical diagnostics and headquartered in Oxford, United Kingdom.
Contacts:
SunTech Medical Group, Ltd
Russell Woolley, Group Chief Executive
P: +44 (0) 1865-884234
www.SunTechMed.com
Oakfield Instruments, Ltd
John Giddings, Managing Director
P: +44 (0) 1865-882532
www.Flexilog.net