Combined Effort to Serve Canadian Marketplace in the Healthcare
SAN JOSE, Calif.–(BUSINESS WIRE)–A&D Company today announced it has entered into a definitive agreement
to acquire the necessary business assets of the Toronto-based Auto
Control Medical. With the acquisition, Auto Control Medical will
initially operate as a division of A&D Canada, Inc., a subsidiary of A&D
“Auto Control Medical has established themselves as one of the premier
distributors of hypertension, diabetes, and respiratory products in
Canada,” said Terry Duesterhoeft, President & CEO of A&D Company,
Americas. “This acquisition allows A&D to expand its product range and
application experience across the Americas by leveraging the successful
business Auto Control has built in our core business as well as market
segments new to A&D.”
Under the direction of its leadership team, Auto Control Medical has
developed an extensive customer network in its more than 17 years, and
distributes healthcare products through pharmacies, home care stores and
other channels throughout Canada.
Following the acquisition, Auto Control’s current executive team, as
well as its sales team and support staff, will continue to manage the
company as part of A&D Canada to build on its forward momentum.
“We look forward to working with the network of business channel
partners established by Auto Control Medical in its nearly two decades,”
said Duesterhoeft. “At A&D, we share a common vision for innovation and
integrity with Auto Control, and together we can deliver even greater
value to the Canadian healthcare community.”
The transaction is scheduled to close by January 2016, and is subject to
third party approvals, customary closing conditions and the satisfaction
of other requirements as detailed in the agreement.
About A&D Company, Inc.
A&D Company is a global, multi-industry company engaged in the
development, manufacture and sale of precision measurement solutions for
a range of vertical markets, including healthcare, automotive, precision
manufacturing, and many others.
Its healthcare division, A&D Medical, provides a full line of advanced
biometric monitoring solutions including blood pressure monitors, weight
scales, activity monitors, and other health monitoring devices for
consumer and professional use. A&D Medical is a market leader in
connected health, providing devices and solutions for consumer wellness
and chronic condition management, marketing under the A&D Medical brand
globally and also the LifeSource brand in North America.
A&D Media Contact:
Liz Kohler, 414-828-6198