Laborie picks up Andromeda Medizinische Systems and its urodynamics devices

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Since Laborie's investors sold it to Patricia Industries last summer, the Toronto-based devicemaker has completed more than 14 acquisitions.

Pelvic health player Laborie is boosting its urodynamics stable with an acquisition of Andromeda Medizinische Systems. Financial details were not disclosed.

Toronto-based Laborie supplies devices and consumables in the pelvic health and gastrointestinal markets. Its products are used to diagnose and treat a range of conditions, including urinary incontinence, swallowing disorders and gastroesophageal reflux disease.

Laborie manufactures most of its products in Canada. The acquisition of Potzham, Germany-based Andromeda will increase the company’s global reach and add a range of devices to its urodynamics offerings. These products include flow meters to diagnose and treat patients with urinary incontinence as well as diagnostic catheters.

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Last August, Audax Private Equity and other investors sold Laborie to Patricia Industries. At that point, Laborie had made 14 acquisitions since Audax’s initial investment in 2012.

"This is another important acquisition for LABORIE as we build out a strong global platform," stated Laborie CEO Brian Ellacott, in a statement. "Andromeda has built a very loyal customer base in Europe and we look forward to working with the Andromeda team to provide more products and services to their customers."

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