Germany Prohibits Acquisition of Heyer Medical by Chinese Investor
May 9, 2022
On 27 April 2022, the German government blocked the acquisition of German medical products manufacturer Heyer Medical AG by the Chinese Aeonmed Group.
Heyer Medical AG, founded more than one hundred years ago, is a manufacturer of ventilators for treatment of respiratory diseases and anaesthesia. Beijing based Aenomed Group produces similar anaesthesia and mechanical ventilation medical devices. According to press reports, Aenomed benefits from financial support provided by the Chinese government, that may allow it to price aggressively on the German market.
Aenomed completed its acquisition of Heyer Medical in March 2020 as part of Heyer Medical’s restructuring following financial difficulties that preceded the COVID-19 pandemic.
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