GVS S p A : announces the agreement to acquire Puerto Rico-based manufacturing operations of Haemonetics

GVS announces the agreement to acquire Puerto Rico-based manufacturing operations of

Haemonetics

Bologna (Italy), June 3rd, 2020

GVS S.p.A, a leading player providing advanced filtration solutions for critical applications, today announced that it has entered into an agreement to acquire Haemonetics' Fajardo, Puerto Rico, manufacturing operations and to supply and develop blood filters for Haemonetics.

The combination of the companies' respective technical expertise, global sales and distribution networks will provide GVS an opportunity to further penetrate the blood filtration market. The partnership will further strengthen the relationship between the Companies, create mutually beneficial synergies and leverage the unique capabilities of both organizations. GVS will provide its blood filtration know-how and industrial process excellence and Haemonetics its global commercial network. As a result of this partnership, the two Companies will strengthen their leadership position in the market and will boost the development of new products and new approaches to the business.

"We are honored that Haemonetics, an industry leader and one of our long-term clients, has chosen GVS for this strategic partnership, which is testament to our technological and process capabilities," stated Massimo Scagliarini, CEO of GVS. "This collaboration will provide us with a new channel for R&D, stimulating the introduction of new products, ideas and solutions for the blood filtration market."

"We continue to pursue operational excellence to offer our customers high quality products through an asset-lite approach," said Chris Simon, Haemonetics' President and CEO. "We are confident that GVS'

experience and scale in filtration will help us deliver reliable, cost-efficient products."

About GVS:

Founded in 1979, GVS is a global technology leader in the development and manufacture of filtration solutions primarily serving the Healthcare & Life Sciences, Energy & Mobility, Health & Safety markets. GVS has a clear strategy towards internationalization, with thirteen manufacturing plants in Italy, United Kingdom, Brazil, China, Romania, Mexico, and the United States, with supporting six sales offices in Argentina, Turkey, Russia, South Korea, China and Japan. For 40 years, GVS has focused on innovation in its products range and production processes, constantly improving its development capacity to provide the best service and support for its clients. The Group produces a wide range of standard filters which meet the highest quality standards required, even for very high tech or critical applications.

For further information please contact:

GVS S.p.A.

Media Contact Martina Marcacci | [phone] |[e-mail]

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