Trivitron Healthcare acquires Finland-based Ani Labsystems for $22M
Chennai-based medical device and technology provider Trivitron Healthcare Pvt Ltd has acquired Finland-based Ani Labsystems Ltd and its group companies Ani Biotech, Biopoint and K3 for $22.2 million, according to a Hindu Business Line report.
The transaction will ensure Trivitron’s access to a global manufacturing facility as neonatal screening, cardiac, gastro and respiratory diagnostics kits will continue to be manufactured at Helsinki Vantaa in Finland. Health kits for women and medical kits for infectious diseases will be manufactured at Trivitron’s medical technology park in Chennai. Post-transaction, these companies will be merged and renamed as Labsystems Diagnostics OY.
“The factory in Chennai will enable Trivitron to offer new product lines in South and South-east Asia, West Asia and Africa,” said G.S.K. Velu, founder and MD of Trivitron Healthcare.
Founded in 1997, Trivitron is a medical technology solutions provider, operating in India, South and South-east Asia, the Middle East and Africa. The company has a strategic partnership with Hitachi Medical Systems and also offers consultancy services for setting up hospitals, nursing homes, clinical laboratories and research centres.
Last October, Trivitron acquired a minority stake in Kiran Medical Systems.
(Edited by Sanghamitra Mandal)
Startups in India for long have been the favourites of private equity and venture capital investors doling out
Trivitron Healthcare Pvt. Ltd. (formerly known as Trivitron Diagnostics Pvt. Ltd.) is engaged in providing health care solutions. It offers cardiology and implantable devices, imaging diagnostics, laboratory diagnostics, ophthalmology, critical care, operating room, dental implants and equipment, diagnostic products, medical imaging systems, medical instruments, medical devices, surgical products and consultancy services. The firm s products include ultrasound equipment, colour doppler’s, analog and digital x-ray equipment, x-ray accessories, radiation protection apparels, electrocardiography machines, patient monitors, modular occupational therapy and pendants, infusion, syringe pumps, newborn screening equipment, reagents, point of care, home care diagnostics reagents for women s health, gastric disease, diagnostics instruments and reagents for biochemistry, hematology segments, immunoassay, molecular, diagnostics products for infectious diseases, women s health and gastric diseases and respiratory disorders. The company was founded in 1997 and is based in Chennai, Tamil Nadu.
- Trivitron's GSK Velu invests in dental labs firm Leixir
- Trivitron's GSK Velu floats $100M venture fund Stakeboat
- Trivitron scouts for more tie-ups, takeovers in manufacturing push
- Medical devices sector needs incentives to enhance innovation
- We may look at an IPO in two years: GSK Velu, MD of Trivitron Healthcare
- Insurance push, sops for device makers, PPPs in healthcare industry Budget wish-list
Kiran Medical Systems Ltd. is engaged in manufacturing and exporting image enhancement accessories and radiation protection apparel. Its products include apparel, gloves, shields, and anti scatter grids. It also offers cassettes, screens, and computer radiography systems. The company was founded in 1974 and is based in Mumbai, Maharashtra. Kiran Medical Systems Ltd. operates as a subsidiary of Trivitron Healthcare Pvt. Ltd.
Labsystems Diagnostics OY (formerly Ani Labsystems Ltd.) develops and manufactures complete neonatal screening systems, infectious disease, fertility, cardiac and gastrointestinal tests. The company is based in Finland.