SWITZERLAND - Precimed Group and Carr Metal Products to unite

Precimed, a technology supplier to the orthopaedic industry, is set to merge with Carr Metal Products, Inc, a sheet metal and thermo-formed plastic tray manufacturer. Precimed is backed by Swiss financial investor BV Group, as well as HBM Bioventures, Vinci Capital and Renaissance PME. Following the transaction, Carr Metal will operate under the name Precimed CMP. The deal will enable Carr to benefit from Precimed's foothold in Asian and European markets, and will enable Precimed to form a strategic partnership with an OEM.