This article was originally published in The Gray Sheet
Respiratory equipment maker ResMed will integrate its supplier of flow generator motors, Servo Magnetics, through a $32 mil. acquisition announced May 14. Servo Magnetics, which had sales of $15 mil. last year, also supplies motors to the aerospace and data storage industries. The cash and stock purchase is expected to be non-dilutive to fiscal 2002 ResMed earnings, excluding transaction costs, and accretive in 2003...
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