Almirall purchase ThermiGen

The deal values the company based in Dallas in about 80 million dollars

Almirall Factory Barcelona

Almirall has executed its purchase option to acquire 100% of the share capital of ThermiGen, private aesthetic medical technology company based in Dallas, specializes in the development and production of energy systems regulated by thermistors for plastic surgery and aesthetic dermatological applications.

Last September Almirall acquired a 7.7% ThermiGen 5 million dollars (4.6 million euros) and paid 2.5 million dollars (2.3 million euros) for the right of option to acquire up to 100% of the company business worth close to 80 million dollars (73.5 million euros).

The Spanish company has stressed that, following the acquisition, the sum of ThermiGen portfolio of technology and will provide a commercial platform in the segment of energy-based devices; a model of “constant” business and management “experience and a strong track record” team.

Under the agreement, the transaction will be completed during the month, conditional and subject to compliance with certain conditions being operation; specifically, Almirall expects to close this transaction on 31 January.

The Spanish pharmaceutical, through its president, Jorge Gallardo, stressed that this operation is a first step to establish itself in the market of aesthetic and continue consolidating its strategy in the area of dermatology.

The ThermiGen product portfolio is based on the ‘hot science’: through technology ‘SmartTip’ doctors are allowed to use temperature as a parameter to treat a variety of aesthetic conditions of soft tissues and nervous.

This technology is used for various non-invasive and minimally invasive procedures and offers significant potential for use in multiple indications, as highlighted Almirall in a communication sent Monday to the National Securities Market Commission (CNMV).

The product of the American company ThermiRF first aesthetic medical device by the FDA (Food and Drug Administration USA) approved uses controlled radiofrequency for use in dermatological procedures and general surgery for temperature and electrocoagulation hemostasis, and to create lesions in the nervous tissue.

ThermiGen, founded in June 2012, also has the worldwide rights to market ThermiSmooth 250, which works using a specially designed handpiece, controlled by a thermistor which provides the necessary heat to the surface of the skin.

Last year, the company posted 11.4 million dollars (10.4 million euros) in revenues and expects to close 2015 with around 30 million dollars (27.5 million euros) in sales and positive operating results.

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Barcelona, the greatest ‘hub’ European low cost airlines

Barcelona surpasses John F. Kennedy airport and Gatwick in number of flights of low cost, the study OAG Megahubs Index

Barcelona airport ( El Prat )

The Barcelona-El Prat leading European hubs in number of flights of low cost airlines ahead of American John F. Kennedy, facilities and Gatwick British Indian capital of Delhi, the study OAG Megahubs Index.

In particular, the Barcelona airport is leading the European rankings and is in 15th place worldwide, being the only Spanish in the top 25 of the study, which analyzes the number of flights on the day of greater global activity of air operations. On the other hand, UK has two airports in the ranking, ranking 22 and 23 of the list, with facilities Gatwick and London-Stansted.

However, globally wins the battle United States, which accounts for the first three places and stands out from the rest by far the Midway airports in Chicago; the Baltimore-Washington in Maryland; and McCarran, in the state of Clark, Nevada, and eight kilometers from Las Vegas. Thus, 60% occupy the top ten airports whose operations are dominated by Southwest Airlines.

Also it notes, positioning within budget airlines airport in Southeast Asia. Specifically, Indonesia, Thailand, who manage some of the top ten.

Global Ranking

Globally, it is detected that 48% of interconnection hubs -center flights- are concentrated in the United States, 32% in Asia-Pacific and 10% in Europe, while Latin America covers 8% of the total, Middle East 2%.

Specifically, the first eight megahubs airport facilities occupy Hartsfield-Jackson, south of Atlanta business district, followed by Chicago O’Hare, northwest of Chicago, the third largest city in population, and in third Instead, the Dallas-Fort Worth, the busiest airport in Texas.

In the case of US hubs, the study emphasized that most of these are controlled by a single carrier. Thus, Delta Airlines takes over 80% in Atlanta, American Airlines pilots 81% in Dallas / Fort worht; US Airways is made with up to 88% of flights from Charlotte Douglas International Airport, while United gets the 76% of operations in Houston.

In the following positions the Charlotte Douglas Airport is located in the state of North Carolina; the George Bush International Airport in Houston, Texas, and the largest in the state of Michigan Metro Detroit in Detroit,. On the other hand, the Denver airport achieved eighth place, while the Phoenix-Sky Harbor closes the top ten.

The only breaking the American leadership are Congonhas airport facilities / Sau Paulo, the second busiest in the country and the international airport of Mexico.

Among the 50 airports in the ranking there are only four Europeans who are Heathrow, London; Frankfurt; Paris-Charles de Gaulle and Amsterdam, at number 13, 35, 43 and 44, respectively.

Rise of India and China

Latin America sneak into the list, in addition to the above two airports, one in Brazil and another in Mexico, the Sao Paulo-Guarulhos and Bogota, ranking 19 and 38 respectively, which add up total of four airports in the ranking.

Moreover, India and China have two three megahubs starting from number 20. Specifically, Mumbai ranks Delhi on 21 and 26, while the Asian giant stands out from the rest of the Shanghai-Pudong airport, Beijing and Kunming in the Chinese province of Yunnan, in positions 31, 47 and 48, respectively.

Thailand closes the list with two airports, as well as Malaysia and the Philippines, also in the tail of the ranking.

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