Harris Williams & Co. Ltd Advises TRUMPF Medical Systems on its Pending Sale to Hill-Rom, Inc.

FRANKFURT, Germany--(BUSINESS WIRE)--

Harris Williams & Co. Ltd, a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that TRUMPF GmbH + Co. KG has entered into a definitive agreement to sell its division TRUMPF Medical Systems, an international developer and producer of solutions and products for operating rooms (ORs) and intensive care units (ICUs), to US-based Hill-Rom Holdings, Inc HRC, for approximately €185 million in cash. Harris Williams & Co. is acting as the exclusive advisor to TRUMPF GmbH + Co. KG in this cross-border transaction, which is expected to close in the 3^rd quarter of 2014 and is being led by Jeffery Perkins, Lars Friemann, Stephan Döring, Florian Ripperger, and Max Zimmermann from Harris Williams & Co.'s Frankfurt office.

TRUMPF Medical Systems is a global leader in critical OR equipment and services. The Company‘s product portfolio comprises operating tables, surgical lights, supply units, OR integration products, assistance systems, as well as specialty products integrated in medical equipment solutions provided by blue-chip healthcare OEMs such as Siemens or Carl Zeiss. The Company has production and assembly facilities in Germany, the US, and China and a total of twelve sales offices globally. With its more than 700 employees, TRUMPF Medical Systems generated c. EUR 185m in revenues in financial year 2012/2013. As part of the transaction, Hill-Rom has committed to maintaining the Company's employees and facilities while also investing in TRUMPF Medical Systems' excellent product development, sales network, and global growth.

“Our goal was to find a partner for TRUMPF Medical Systems that shares the same values and corporate culture and is able to develop further and continue to grow the business. With Hill-Rom we believe that we have found the ideal partner who is solely focused on the medical sector and is excited to bring the business to a new level,” says Harald Völker, CFO of the TRUMPF Group.

“With the acquisition of TRUMPF Medical Systems, Hill-Rom has not only entered the OR, but has become one of the leading solution providers for OR capital equipment and integration with a clear focus on technology and innovation,” commented Jeffery Perkins, Managing Director of Harris Williams in Frankfurt.

Established in 1923, TRUMPF is one of Germany's leading family owned businesses and a leading global technology company with Machine Tools, Laser Technology, Electronics and Medical Technology as its business fields. Products manufactured with the Company's technology can be found in almost every sector of industry. TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing, and also for industrial lasers. As an internationally active family business, new ideas, continuity and consistent internationalization have been hallmarks of the TRUMPF's development. In 2012/13 TRUMPF Group – which has approximately 9,900 employees – achieved sales of 2.34 billion euros. With more than 60 subsidiaries and branches, the TRUMPF Group is represented in almost all the countries of Europe, North and South America, and Asia. It has production facilities in Germany, China, France, Great Britain, Japan, Mexico, Austria, Poland, Switzerland, the Czech Republic and the USA.

Hill-Rom is a leading worldwide manufacturer and provider of medical technologies and related services for the healthcare industry, including patient support systems, safe mobility and handling solutions, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals, surgical products and information technology systems. Established in 1929 and headquartered in Batesville, IN, Hill-Rom's products and service offerings are used by health care providers across the healthcare continuum around the world.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. PNC, is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.

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