Vigmed AB signs Distribution Agreement for Scandinavia with CODAN companies.
ET | Source:Vigmed Holding AB
The first Distribution Agreement signed for Vigmed AB, turned out to be for
their home markets in Scandinavia and is a good match. CODAN, being an
established company within Vigmed’s main business segments of infusion and
injection, and Vigmed adding the safety products that will complete the CODAN
The agreement with CODAN can be seen as Vigmed’s next partnership phase. The
first was to establish a contract manufacturing platform, and now the second
phase of establishing a strong European distribution network has begun. The
products will be sold under the brand names of Vigmed, and can be seen as the
beginning of a close sales, marketing and product development cooperation.
Finn Ketler, CEO Vigmed AB & Thomas Hornstrup, Country Manager CODAN DEHA ApS
shake hands on the new distribution contract.
“As it is very important to have established contacts to customers and key
decision makers, when wanting to penetrate a market fast, we are very pleased in
having CODAN as our partner” says Finn Ketler, CEO of Vigmed.
Steen Kruse, Sales Manager CODAN, explains “The Vigmed products match our
existing product lines very well. They are a valuable addition to the strategic
line of Infusion products with which we are already active in the market. With
the "safety" aspect becoming an increasingly important parameter in the Medical
Device area we consider the Vigmed products to be an important new development
for CODAN which will support our continued effort to provide quality products to
The joint product launch in the Scandinavian countries of the CLiP® Ven line is
expected to take place in Q2 of this year, with deliveries taking place from
For further information contact:
Chairman of the board, Lennart Holm, +46 70-630 8562 or
CEO, Finn Ketler, +46 42 600 5311
Sales Manager, Steen Kruse, +45 29 264419
Vigmed is a Swedish medical technology company whose mission is to eliminate
needlestick injuries by offering the market unique needle-protected products.
Vigmed is headquartered in Helsingborg, Sweden, and has approximately 15
employees. Vigmed’s share is traded on NASDAQ OMX First North in Stockholm
(ticker VIG) and has approximately 5 400 shareholders. Remium Nordic AB is the
Company’s Certified Advisor.
Additional information such as company description, a video presentation and
risk factors can be found on Vigmed’s website:
CODAN is a privately owned company with approximately 1.500 employees and
factories and sales organizations located in Europe and USA. CODAN has been
active in the Medical Device market for over 50 years. CODAN offers a complete
range of high quality Infusion Devices, Infusion- and Syringe Pumps, Blood
Pressure Monitoring products, Syringes and accessories manufactured in our own
production facilities. The products are marketed and sold world wide and are
produced in accordance with all relevant national and international standards
for our type of products. Further information can be found at: www.codan.de.
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