Posted on 4/19/2016
Bedfont Scientific Ltd. has sold its U.K. subsidiary, NOxBOX Ltd, to Praxair Gases UK, Ltd., a subsidiary of Praxair, a Fortune 250 company with 2015 sales of $11 billion and one of the largest industrial gas companies worldwide. Financial terms of the transaction were not disclosed. Bedfont’s sale of NOxBOX Ltd includes the full NOxBOX range of critical care delivery and monitoring devices for inhaled nitric oxide therapy. This announcement comes shortly after Bedfont announced the move to create the subsidiary NOxBOX Ltd after unprecedented success with the NOxBOX® range of products, which have been globally available in different forms since 1997.
Bedfont’s Managing Director, Trevor Smith, reported, “This transaction will allow our company to focus on its core business in diagnostics using exhaled breath analysis which we see as a tremendous opportunity in the future. Our NOxBOX range of products will much better be supported by Praxair, a global industrial and medical gas company.”
It is expected that the t...