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Ferraris has sold its respiratory products division and ZAN Messgerate to a new company called NSpire Health for £2m, in order to focus on IVD Controls and its Oxford Cryosystems business.

Ferraris is to sell Instrument Technology, the Hastings-based manufacturer of components for vacuum systems, to Bansbury for an initial £3.9m.

Ferraris is to acquire Bionostics, the US supplier of liquid formulations to test the accuracy of medical diagnostic equipment, for £19m.

Ferraris has acquired Del Mar Medical, the US supplier of heart monitors, for £6.2m.

Ferraris Group has acquired Hertford Medical International, the Welwyn Garden City-based provider of cardio-diagnostic services to the clinical trials sector with 34 staff, for up to £2.2m.

Ferraris has sold its specialist engineering division, which includes Jenaer Gewindetechnik in Germany, Jena Rotary Technology in the UK and Jena-Tec in the US to Avingtrans for £3m.

Ferraris is acquiring Reynolds Medical Group, the manufacturer of heart monitoring equipment, for £14m, funded by a £8.5m share placing.

Ferraris is to acquire Univak, the manufacturer of components for pressure vessels, for £5.7m.