B Medical Systems, a Luxembourg company specialising in the design and production of advanced medical refrigeration equipment is experiencing rapid international growth. Banque Internationale à Luxembourg (BIL), its partner since 2016, is supporting this growth with advice and tailored financing solutions throughout the life cycle.
Our Luxembourg team: Thierry Lohest, Marko Huskic and Olga Siohan advised B Medical Systems on going international with BIL and supported them throughout the entire process,
Last November, at a virtual summit between India and Luxembourg, Xavier Bettel informed his Indian counterpart Narendra Modi about the expertise of Luxembourg-based company B Medical Systems and its ability to help him meet the health challenges of this country of 1.4 billion inhabitants and it progressed very quickly from there.
The development requires significant financing to adapt production equipment, to commission the new site in India which will employ about a hundred people, and to reorganise the supply chain. In addition, provision is being made for international entities within the group to carry out recycling/retrofitting of products to support their sustainability efforts, in particular ESG criteria.
B Medical Systems was founded in 1979 when the World Health Organisation approached Electrolux to provide a solution to their problems in safely storing and transporting vaccines around the world. Electrolux later became Dometic, a division of the Dometic Group, and, in 2015, the Dometic Medical Systems Division changed its name to B Medical Systems. To date, the company has supplied more than 500,000 medical cold chain units to over 140 countries worldwide.