By Rhea Healy2016-03-02T16:37:00+00:00
Tier One player Praxair, Inc. has acquired UK-based NOxBOX Ltd, a company specialising in the manufacturing of inhaled gas delivery and monitoring instruments for the medical market.
The newly acquired firm provides a range of medical devices for in-hospital use, most notably its NOxBOXiTM system which provides intelligent nitric oxide (NOx) delivery. It delivers real-time monitoring of NOx, nitrogen dioxide (NO2) and oxygen (O2) levels via a touch screen.
NOxBOX is a subsidiary corporation of Bedfont Scientific Limited, which is already an existing Praxair supplier.
The financial details of the acquisition were not disclosed, but it is understood that the NOxBOX business will remain headquartered in the UK.
Scott Telesz, Executive Vice-President of Praxair, signified, “The acquisition of this product line is part of our long-term strategy to further broaden our offerings to hospitals and deliver the latest in respiratory healthcare technology to our customers around the world.”
Praxair previously merged its Southeast US Distribution division into Tennessee-based nexAir in January 2016.
Praxair, Inc. has signed a 15-year contract to supply oxygen (O2) and nitrogen (N2) to Total in the Port of Antwerp.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.