Moog Inc.

Moog Announces Medical Devices Acquisition

Published in Drug Law Weekly, January 13th, 2009

Moog Inc. (NYSE: MOG.A)(NYSE:and)(NYSE:MOG.B) announced that it has acquired 100% of the stock of AITECS Medical UAB, a Lithuanian-based manufacturer of syringe-style infusion therapy pumps, for euro 15 million ($21 million), paid in cash. Founded in 1993, AITECS has a product portfolio that includes pumps for general hospital use, operating rooms and patient controlled analgesia.

The acquisition complements Moog's current medical devices product line. "This acquisition is a great fit while broadening our product offering and geographic presence in the infusion therapy market," said Martin Berardi, President of the Medical Devices Group of Moog.

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Source: Drug Law Weekly (2009-01-13)

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