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Poly Medicure buys Dutch cardiology firm PendraCare for €18.3M, aiming to expand globally.
Indian medical device company Poly Medicure has agreed to buy a 90% stake in PendraCare Group, a Netherlands-based cardiology catheter solutions developer, for Rs 188.5 crore (€18.3 million).
This acquisition will help Poly Medicure expand its cardiology business globally, gaining access to regulated markets in Europe and the US.
The deal, expected to close in 4-8 weeks, aims to generate €3-4 million in annual synergies through improved engineering and manufacturing efficiencies.
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Poly Medicure compra la empresa holandesa de cardiología PendraCare por 18,3 millones de euros con el objetivo de expandirse a nivel mundial.