Werfen has agreed to sell its Medical Devices and Scientific Instrumentation Distribution businesses in Spain and Portugal to Palex for over €100 million, allowing Werfen to focus on specialized diagnostics while expanding Palex's position in the medical devices sector.

Target Information

Werfen has announced the sale of its Medical Devices and Scientific Instrumentation Distribution businesses in Spain and Portugal to Palex for an amount exceeding €100 million. This divestiture includes well-established entities such as Izasa Medical, Izasa Scientific, and MC Medical, which collectively contributed 7% to Werfen's total sales in 2023. In light of evolving market dynamics and strategic opportunities, Werfen's decision to refocus on its core business of specialized diagnostics necessitates this sale.

Industry Overview in Spain and Portugal

The medical device and scientific instrumentation industry in Spain and Portugal has been experiencing significant growth. With ongoing advancements in healthcare and technology, these markets have increasingly embraced innovative medical solutions. According to industry reports, the demand for modern healthcare equipment has surged, driven by an aging population and heightened healthcare expenditure.

Spain and Portugal form part of the Southern European healthcare landscape, characterized by strong government support for healthcare initiatives. Th