This JV aims to reach Rs 100 crores revenue within three years
Trivitron Healthcare has announced a joint venture with the IMD group, Italy. The MOU was signed for the joint venture in the name of Kiran IMD X Ray Private Ltd, to design/ develop and manufacture variety of X-ray equipment and X-ray accessories based out of its facilities in Chennai and Mumbai in India and Bergamo in Italy.
Trivitron healthcare holds 60 per cent share while IMD group holds 40 per cent share in the joint venture. This collaboration aims to reach Rs 100 crores revenue within three years of its operation with X-ray Monobloc, X-ray generators, high frequency X-ray machines, mobile and full room DR, digital OPG and mobile cathlab manufacturing in India.
Dr GSK Velu, Founder and MD of Trivitron Group of companies said, “This JV is in line with Trivitron’s philosophy of making state of the art technology accessible and affordable, to the larger section of population. We are also happy that this JV is being announced in Arab Health 2015, the world’s largest Medical Technology fair where Trivitron has been a significant partner for over 8 years now.”
“This is an exciting moment for Kiran Medical Systems as we move up in our value chain to provide more comprehensive product line to our channel partners and customers across the Globe. IMD and Kiran products are complimentary to each other and the JV will immensely benefit both companies,” said Ramesh Modi, CEO of Kiran Medical Systems.
Aliberti, CEO of IMD Group of Companies expressed, “Bringing Trivitron/ Kiran and IMD’s expertise and network together will ensure more comprehensive product offerings to the focus markets in a most cost effective basis.”
EH News Bureau