MILWAUKEE, WISCONSIN USA – 21 FEBRUARY 2023 – Diversatek Healthcare, Inc., a privately-owned company in the gastrointestinal and endoscopic market, announced today the acquisition of the Group G-Flex – GFE do Brasil, a manufacturer and distributor of reusable and single use endoscopy devices and instruments. The acquisition brings a broad array of products to Diversatek Healthcare’s portfolio and greatly enhances its global reach.
“This acquisition is an ideal strategic fit for Diversatek Healthcare and is accretive with respect to both revenue and earnings”, says Brant Stanford, Chairman of its parent company, Diversatek. “G-Flex provides synergies that will result in endless opportunities for collaboration, development, and expansion moving forward”, adds Meg Vierling, President and CEO.
The acquisition brings Diversatek Healthcare over 250 SKUs, including products in GI and pulmonary niche markets. Patrick Cremer, CEO of G-Flex states, “With this acquisition, G-Flex gains technology and engineering innovation which strengthens our ability to continue designing and developing new products for these markets.”
The companies share common international sales channels which can be leveraged to increase the global distribution of products and technologies within Diversatek Healthcare’s current product portfolio and consolidates Diversatek Healthcare’s LATAM market share. G-Flex also adds additional ISO 13485 and MDSAP certified locations and a headquarters for Diversatek Healthcare’s EU-based activities.
About Diversatek Healthcare
Headquartered in Milwaukee, Wisconsin with operations in Colorado and Vietnam, Diversatek Healthcare is a leader in gastroenterological medical devices and diagnostic technology. The company offers an extensive range of state-of-the-art products for the GI space ranging from endoscopic devices and accessories to novel diagnostic technologies used to differentiate esophageal diseases and diagnose motility and reflux disorders.
Headquartered in Nivelles, Belgium, the Group G-Flex – GFE do Brasil was established in 1985 and designs, manufactures, and distributes high quality reusable and single use endoscopy devices and instruments for the gastrointestinal and pulmonary markets. With operations in Europe and Brazil, G-Flex offers more than 250 products to customers in over 50 countries on 5 continents.