Thursday, August 13, 2009

News: Change of direction for Dawmed following sale

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Rotherham healthcare decontamination specialist Dawmed has changed its name and investing policy following the sale of its trading arm to Dutch firm, Wassenberg.

DawMed supplied medical disinfection machines across Europe and to a number of NHS Trusts in the UK. They also held the contract to distribute Wassenberg's products in the UK.

The directors stated that their business model couldn't work due to cut-backs in the NHS, unpredictable exchange rates and the credit crisis.

It is not clear what effect this will have on their facility at Hellaby and the 50 employees.

Since the sale, the company has changed the name to Adalta Real PLC and put forward proposals to stay listed on the AIM operating as a property investment vehicle.

Dawmed website


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