M&A Deal Summary

Lumibird Acquires Ellex Medical Lasers - Lasers & Ultrasound Business

On December 24, 2019, Lumibird acquired medical products company Ellex Medical Lasers - Lasers & Ultrasound Business from Nova Eye Medical for 100M AUD

Acquisition Highlights
  • This is Lumibird’s 1st transaction in the Medical Products sector.
  • This is Lumibird’s 0th largest (disclosed) transaction.
  • This is Lumibird’s 1st transaction in Australia.

M&A Deal Summary
Date 2019-12-24
Target Ellex Medical Lasers - Lasers & Ultrasound Business
Sector Medical Products
Buyer(s) Lumibird
Sellers(s) Nova Eye Medical
Deal Type Divestiture
Deal Value 100M AUD

Target

Ellex Medical Lasers - Lasers & Ultrasound Business

Adelaide, Australia
Ellex Medical Lasers Ltd. - Lasers & Ultrasound Business comprises the Ellex brand, the R&D and production site in Adelaide and the commercial subsidiaries based in Australia, Japan, the US, France, and Germany. It helps eye surgeons around the world to effectively treat eye disease.

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Buyer(S) 1

Buyer

Lumibird

Lannion, France
Category Company
Founded 1970
Sector Medical Products
Employees989
Revenue 194M EUR (2022)
DESCRIPTION

Lumibird is a specialist in lasers with expertise in 3 key technologies - solid-state lasers, laser diodes, and fiber lasers. The group designs, manufactures, and markets high-performance lasers for the industrial (manufacturing, lidar sensors), scientific (laboratories and universities), medical (ophthalmology), and defense markets. Lumibird was founded in 1970 and is based in Lannion, France.

DEAL STATS #
Overall 1 of 3
Sector (Medical Products) 1 of 2
Type (Divestiture) 1 of 3
Country (Australia) 1 of 1
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 EssMed AB

Molnlycke, Sweden

EssMed AB is specialized in distributing high-quality medical devices for ophthalmology. The company sells equipment to private and public sector ophthalmology departments. It also sells other medical products, including operation microscopes and pressure relief devices. EssMed was formed in 1997 and is based in Molnlycke, Sweden.

Buy -

Seller(S) 1

SELLER

Nova Eye Medical

Kent Town, Australia
Category Company
Founded 1985
Sector Medical Products
Employees224
Revenue 17M AUD (2023)
DESCRIPTION

Nova Eye Medical develops medical technologies for the diagnosis and treatment of eye disease. Nova Eye Medical was founded in 1985 and is based in Kent Town, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 iScience Interventional

Menlo Park, California, United States

Medical device company and developer of revolutionary microcatheter and breakthrough procedures for eye diseases, including glaucoma.

Buy -
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