K&L Gates Advises Mölnlycke on Acquisition of German Medical Technology Company SastoMed
5 July 2018
Berlin - Global law firm K&L Gates LLP has advised Mölnlycke Health Care AB, one of the world’s leading companies for medical solutions, on the acquisition of SastoMed GmbH from SanderStrothmann GmbH.
Founded in 2010, SastoMed is a German company which has developed and commercialized two oxygen-based wound care products central to this acquisition. With this transaction, Mölnlycke expands its wound care portfolio with new innovative products.
K&L Gates has been working with Mölnlycke for many years. The transaction also included structuring and securing patent protection for the SastoMed products.
The K&L Gates team that advised Mölnlycke was led by partner Dr. Wilhelm Hartung (Berlin, corporate/M&A) and senior associate Andreas Menge (Berlin, corporate/M&A and life sciences) who were supported by partners Klaus Schubert (IP/IP litigation, Berlin), Volker Gattringer (corporate/M&A and insolvency law, Frankfurt), Arthur Artinian (IP, London); counsel Christiane Schweizer (patent attorney/life sciences, Berlin), Julia Goetz (IP, Berlin), Marion Baumann (competition law, Berlin), and Dr. Michael Kreft (tax, Munich); as well as associates Daniel Mösinger (corporate/M&A, Berlin), Aleksi Majakulma (corporate/M&A, Berlin), Dr. Thomas Nietsch (commercial/IT, Berlin), Patrick Marré (commercial/IT, Berlin), and associate Leonie Meißner (employment law, Berlin); and senior associate Nils Neumann (employment law, Berlin).
Mölnlycke is a world leading medical solutions company. It develops and brings to market innovative wound care and surgical solutions along the entire continuum of care – from prevention to post-acute settings. Its solutions provide value for money, supported by clinical and health economic evidence.
Mölnlycke was founded in 1849. Nowadays, its solutions are available in around 100 countries; Mölnlycke is the number one global provider of advanced wound care and single-use surgical products; and Europe’s largest provider of customized trays. Its headquarters are in Gothenburg, Sweden and it has about 7,700 employees around the world. Learn more at molnlycke.com.