Mumbai: BPL Medical Technologies has acquired a majority stake in European medical technology company, Medec.
The acquisition brings Medec’s specialised technology, intellectual property and innovation capabilities under BPL Medtech’s portfolio.
These include advanced anaesthesia workstations and ventilators, along with three patents and a product development pipeline including an electronic vaporiser and a value engineered version of the Caelus anaesthesia workstation, BPL said in a statement.
BPL said the strategic technology acquisition strengthens the company’s growth trajectory and goal to build a globally competitive medical technology organisation.
Medec has an active distributor presence across more than 30 countries in Europe, MENA, Southeast Asia and Latin America.
“This gives BPL Medtech an expanded platform through which it can take Medec’s CE certified technologies to additional markets, supporting the company’s broader objective of developing a more globally connected medical technology business,” BPL added.
