Acquisition

RNS Number:8031R
Gyrus Group PLC
07 November 2003

For release 7.00 am, 7th November 2003



                               Gyrus Group PLC


   Gyrus announces acquisition of Explorent GmbH for up to Euro 5.5 million



7th November, 2003, Reading, UK - Gyrus Group (GYG.L), a leading supplier of
medical devices to reduce trauma and complications in surgery, today announces
the acquisition of Explorent GmbH ("Explorent"), a sourcing and distribution
business for surgical instruments used in Ear, Nose and Throat ("ENT") surgery,
for up to Euro 5.5 million in cash.



Explorent, based in Tuttlingen, Germany, sells its branded products throughout
the world via distribution partners. The acquisition provides Gyrus with a
platform from which to grow its German business and develop its own source of
reusable surgical instruments similar to those currently purchased from third
parties.



For the year to 31st December 2002, Explorent had revenues of approximately Euro
5.5 million and profit before tax of approximately Euro 891,000. Net assets at
31st December 2002 amounted to Euro 1.2 million. Gyrus is paying Euro 5.0
million on completion and up to Euro 0.5 million by 31st October 2004.



The acquisition of Explorent is a further step in the development of the Group's
international strategy and follows the recent acquisition of Entermed B.V. in
September 2003. Entermed B.V. currently distributes Gyrus's range of ENT
products within a broader product portfolio, including Explorent's surgical
instrument range, to surgeons in Benelux.



Commenting on the acquisition, Brian Steer, Executive Chairman of Gyrus, said
today:



"The acquisition of Explorent represents both an expansion for Gyrus into the
growing ENT market in Germany and an opportunity to gain cost efficiencies in
our sourcing of surgical instruments for the important world-wide ENT market."





Enquiries:



Gyrus Group PLC



Brian Steer, Executive Chairman                   01189 219 750
Simon Shaw, Chief Financial Officer   Today       07739 807 625
                                      Thereafter  01189 219750

Financial Dynamics

David Yates / Lucy Briggs                         0207 269 7156


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            The company news service from the London Stock Exchange
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