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Terumo (4543) investor relations material
Terumo M&A Announcement summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Deal rationale and strategic fit
Acquisition enables entry into the high-growth organ transplantation market, addressing significant unmet needs in organ preservation and transplantation globally, especially for livers and kidneys.
The target's innovative normothermic perfusion technology extends organ preservation time, improves transplant outcomes, and expands the donor pool.
The deal aligns with a strategy to achieve leapfrog growth, diversify beyond existing business domains, and enhance corporate value through unique synergies.
Supports portfolio enhancement and accelerated growth, with management confident in rare alignment with all strategic criteria.
Seeks to address challenges such as organ shortages, improve utilization rates, and enable use of marginal donor organs.
Financial terms and conditions
100% of the target's outstanding shares will be acquired for approximately $1.5 billion in cash, subject to adjustments for cash, debt, and working capital.
Funded by cash on hand, borrowings, and debt, maintaining a healthy balance sheet post-acquisition.
The agreement was signed on August 23, 2025, with closing targeted within the fiscal year, subject to regulatory approvals.
The acquisition is expected to be accretive to adjusted operating profit and earnings per share from the next fiscal year, excluding special factors.
OrganOx will become a wholly owned subsidiary upon completion.
Synergies and expected cost savings
Synergies expected from combining advanced perfusion and monitoring technologies, leveraging manufacturing, R&D, and global infrastructure.
Integration will enable use of proprietary components and expand post-transplant care offerings.
Cost synergies anticipated through shared manufacturing facilities and operational efficiencies.
Enables creation of new solutions in organ transplantation and related therapies.
Expects to deliver innovative solutions by combining both companies’ capabilities.
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