The famous Chinese pharmaceuticals company Shanghai Pharmaceuticals Holding Co. has acquired 100% of the share capital of the Finnish dental equipment manufacturer Fimet Oy. Fimet Oy is a well known dental equipment manufacturer that manufacturers and sells dental care units in Europe and China.
"Fimet is a profitable and professionally run company with long history, good market position, good reputation and product portfolio so we are delighted to enter the dental equipment market with them," says Mr. Shen Qi, from Shanghai Pharmaceuticals "This acquisition strengthens Fimet's position on the market and increase the market share in China and is synergistic with Shanghai Pharmaceuticals strategic aspiration to become a significant global player in the dental equipment business.
With joined forces the companies will benefit from large scales of purchase volumes and manufacturing. This combined with European technology gives strategic edge. "We will continue to look for partners in the European market, looking for suitable new technologies and new products, and constantly enrich our product portfolio to offer more complete solutions to dental professionals" comments Mr. Shen Qi from Shanghai Pharmaceuticals.
The previous owners of Fimet are happy with the new owner. "Selling the shares to Shanghai Pharmaceuticals was very natural solution as both had long and success full partnering over 25 years. Fimet is now ready for the next step and to grow into more significant position in the global markets. Shanghai Pharmaceuticals is very large company providing a solid base for long term investments and development of Fimet as well as has given a strong commitment to future" says Mr. Turo Levänen former Chairman of the Board and representing the sellers. The sellers consist of a group of private investors and entrepreneurs.
Source: Fimet Oy