Emergency response group Ferno Australia has bought the Australian assets of medical technology firm Weinmann.
As reported in Queensland Business Review, Weinmann's products - which include diagnostic and life-saving devices - will still be manufactured in its home country of Germany, but will then be shipped out to Australia.
Considering the geographical distances between the two firms, advisors from both firms may have benefited form a secure virtual data room when concluding the acquisition, as they allow for the instantaneous transfer of encrypted accounts and documents.
Managing director of the Brisbane-based group, Scott West, told Queensland Business Review: "The Weinmann range complements Ferno Australia's existing product lines in the field of advanced rescue and emergency equipment."
He added that the deal would allow the company to supply a "comprehensive suite of products" which fulfils the requirement for "high quality patient care".
Staying in Australia, the investment manager QIC Infrastructure has completed a deal to acquire a large stake in New Zealand's Powerco for AUD$331 million.
