Vyaire Medical Inc has signed an agreement to acquire the ventilator business and the imtmedical brand name, according to a press release from imtmedical. A second business unit that includes test lungs will remain with the Switzerland-based IMT Analytics.
“With this step, we want to help bellavista ventilators achieve the success they deserve. To reach this target, it requires a company like Vyaire, which already has strong distribution and financial structures worldwide,” said Jakob Däscher, one of the founders of imtmedical.
The company will continue to operate from their current location in Buchs, Switzerland, which also applies to imtmedical ag under Vyaire in the coming years, according to the press release.
“In order to maintain the stable operation of imtmedical, there will be no adjustments to the site or personnel in the foreseeable future,” explained Harri Friberg, former CEO of imtmedical. At the beginning of May, discussions will be held with employees who will be integrated into Vyaire or who will switch to IMT Analytics.
The sale of the ventilator business unit brings benefits to users of all products previously offered by imtmedical. It is now possible for IMT Analytics and its development partner IMT AG to concentrate more on the development and optimization of measuring instruments. In addition, IMT AG will be responsible for the development and lifetime maintenance of the ventilation products from Vyaire for the next few years.
“For us, this contract is a windfall, which also reflects the high quality of our development services,” said Harri Friberg, managing director of IMT. In both business divisions, several devices are already in an advanced stage of development.