Asahi Kasei, a chemical manufacturer with businesses in the health care, chemicals and fibers, homes and construction materials, and electronics sectors, has entered into a definitive merger agreement with Zoll Medical to acquire the manufacturer of resuscitation and critical-care devices and related software solutions for $2.21 billion.
Upon completion of the merger, Zoll will become a wholly owned subsidiary within the Asahi Kasei Group, which will be managed by the current Zoll management team and with all current business units and operations remaining intact. Zoll will also be delisted from the NASDAQ stock exchange at that time.
Zoll Medical manufactures resuscitation and critical-care devices for use in medical and dental offices, hospitals, and by emergency medical technicians.
