OREANDA-NEWS.  January 17, 2013. SORAINEN is advising shareholders in Semetron on the sale of their shares in the company. On 20 December Semteh Holding, a subsidiary of UP Invest, concluded a contract by which Semteh Holding will acquire 100% of Semetron shares, reported the press-centre of SORAINEN.

The transaction will be carried out in stages, with Semteh Holding initially acquiring 60% of Semetron shares. Baltland Invest, fully owned by the current executive management members of Semetron, will continue as a 40% holder of Semetron shares and the executive management members will continue managing the company after the transaction is completed.

Semetron was founded in 1992. Its prime activity is in Estonia selling, servicing and repairing medical equipment, disposable items and other healthcare products. In Latvia Semetron offers the same through a Semetron subsidiary. Semetron’s consolidated turnover for 2011 was EUR 5.85 million, most of which was accounted for by sales turnover of medical equipment. Semetron offers products in the following fields: intensive care, surgery, laboratory, radiology, rehabilitation, ophthalmology, products for hospitals and family doctors, expendable materials, disinfection and sterilization and hospital furniture and equipment.

“For years Semetron has been one of the leading companies in the field of sales and servicing of medical equipment and healthcare products. In cooperation with the new partner we are looking into strengthening our position on the home market and continuing our expansion to foreign markets“, comments Inga Korgemaa, chair of the Semetron management board.

The transaction will be closed following approval from the Estonian Competition Authority. The SORAINEN team in the deal is led by partner Toomas Prangli and senior associate Paul Kunnap.